Tag: elon musk

Tesla insurance still slated to move forward after delay, says Musk

Julie Campbell
Tesla Insurance - Tesla Charing Station

Elon Musk spoke at the company’s annual shareholder meeting, addressing his previous coverage claims. CEO Elon Musk spoke at his company’s annual shareholder meeting, addressing the topic of the Tesla insurance he’d previously promised to drivers of the automaker’s electric vehicles. Musk insists that the electric vehicle insurance product is still in the works, only delayed. Musk explained that the Tesla insurance product would become available after an unspecified acquisition is completed. He also pointed out that additional software was in development. The Tesla electric vehicle insurance would become available…

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Tesla insurance industry crash test results weren’t stellar

G. Turner
Tesla Model S insurance industry crash test

The automaker’s spotless safety testing record for the Model S was just marred by the IIHS. The Tesla Model S, which had previously performed very well in insurance industry crash test scores, now rates as less safe than rival vehicles. The Insurance Institute for Highway Safety (IIHS) determined that safety performance from this car wasn’t as good as that of other comparable models. The IIHS found the Model S offered passengers only adequate protection from some forms of impact. For instance, the insurance industry crash test determined the Model S’s…

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SpaceX explosion destroys uninsured Falcon 9 rocket

Julie Campbell
spacex explosion rocket launch insurance

That said, the contents of the rocket may have been covered by their own policies. The SpaceX explosion shocked the world, particularly when it was revealed that the Falcon 9 rocket was not insured. The rocket burst into flames on the launch pad in Cape Canaveral, Florida. There were neither fatalities nor injuries in this explosion, which did make it a very fortunate one. That said, due to the lack of coverage, SpaceX will likely need to cover the losses from the rocket. Moreover, it will also need to deal…

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