Tag: EV car insurance

Could Tesla car insurance become the largest auto insurer in the US?

G. Turner
Tesla car insurance - Tesla vehicle on road

According to a recent valuation by CEO Elon Musk, the company is headed in that direction. If a recent valuation of the Tesla car insurance offshoot of the electric vehicle company is to be believed, it could eventually become one of the largest auto insurers in the United States. Musk dropped several hints of this nature during a recent quarterly earnings call. Musk discussed the Tesla car insurance unit in terms of comprising a substantial portion of the company’s auto business. “Obviously, insurance is substantial. So, insurance could very well…

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Elon Musk announces another attempt at Tesla car insurance

Nordstrom
Tesla car insurance - Tesla car logo

This time, he is promising a “major insurance company” despite the failure of last year’s rollout. Tesla is pushing forward for a full Tesla car insurance product that will use data collected using its vehicles about the habits of its drivers. The goal is to use real driving data to provide policyholders with lower premiums than traditional insurers. “We’re building a great, like a major insurance company,” said CEO Elon Musk when speaking about the Tesla car insurance to investors during the second-quarter earnings conference call. This occurred on the…

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