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Stock impact report

Amber launches service to help Tesla owners navigate expired warranties [TechCrunch]

Addus HomeCare Corporation (ADUS) 
Last addus homecare corporation earnings: 3/17 04:05 pm Check Earnings Report
Company Research Source: TechCrunch
One Bay Area startup called Amber thinks it can help them navigate that minefield, starting with Tesla owners. The company, founded in early 2023, announced Wednesday it has launched a new aftermarket warranty product called AmberCare for Model Y, 3, S and X owners. There will be different plans, ranging from $40 per month to around $120 per month, that cover the drive units, the battery and more. When owners file a claim, Amber works with qualified repair shops to find the right parts and fix what's wrong, and will transport the vehicle. The launch of AmberCare is a reminder that we're still in uncharted territory when it comes to EVs, and what happens to them over years (and tens of thousands of miles) of use. It's a fraught market. While EVs tend to require less regular service than internal combustion vehicles, things still break — and sometimes what breaks are parts that are above and beyond what an auto shop is used to dealing with. Some shops charge eye-watering prices fo Show less Read more
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