Maryland and Florida could be next in line for Tesla Insurance, according to a few reports. Teslarati has reported that the services are being expanded to Maryland and added that the Maryland Insurance Administration told them that the Balboa Insurance Company had changed its name to Tesla Insurance earlier this year. … [continued]
Tesla CEO Elon Musk recently spoke about Tesla’s 6+ businesses recently at the All-In Summit 2022. Elon Musk was a guest at the All-In Summit 2022 held by All-In Podcast hosts Jason Calacanis, Chamath Palihapitiya, David Friedberg, and David Sacks. Founded in 2020, the podcast covers topics such as economics, … [continued]
Tesla’s captive insurance program will be rolled out to Oregon & Virginia customers next.
Tesla Insurance has been expanded to Arizona and Ohio. This is something that Sawyer Merritt, who was recently interviewed by Dave Lee, predicted. In December 2021, Sawyer Merritt, who is well known in the Tesla Twitter community for sharing breaking Tesla-related news, shared that he was told by a source … [continued]
Tesla has officially launched its insurance platform in Texas and has a neat way of determining how Tesla owners receive their rates. The insurance rates are determined based upon Tesla’s evaluation of drivers’ real-time driving behavior on the road. Taking center stage is Tesla’s Safety Score system. When Texan Tesla … [continued]
One of the comments I get from some critics/skeptics is: Sure, the electricity is cheaper than petrol, but what about the insurance (wink, wink, nudge, nudge)? Some people think that this is the gorilla in the room, and I have seen many comments on Facebook quoting outrageous sums to insure … [continued]
For the most part, electric cars are just “regular” cars. They go when you press the pedal and they turn when you spin the wheel, for the most part, and the only real difference is typically what you’re filling it up with to make it go. Owning an electric car … [continued]
This was a great quarter for Tesla. Record production, record deliveries, tremendous growth, and excellent margins in a difficult operating environment. I felt some opportunities for questions were missed, though. What’s the status of Model X deliveries this quarter? No one cared about Tesla’s second mass-market product. From the looks … [continued]
Tesla’s insurance plans could be available in three new states, Forbes has reported. Those states are Texas, Illinois, and Washington. The article noted that insurance regulators in Illinois and Texas have already approved the rates and policies for Tesla Insurance and that Washington has approved the initial forms. However, the … [continued]
In Tesla’s Q3 earnings call the other day, Elon Musk touched upon some of the most valuable business units within Tesla. One of those was Tesla Insurance. He said, “Obviously, insurance is substantial. So insurance could very well be, I don’t know, 30%, 40% of the value of the car business, frankly.”
