Live Insurance News

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

June 13, 2019June 13, 2019 Julie Campbell

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…

Tesla insurance is “not an easy business”, warns Warren Buffett

May 8, 2019May 8, 2019 H. Cutner

Tesla insurance - Warren Buffet at 2015 SelectUSA Investment Summit

The Berkshire CEO has pointed to past failures of the industry to try to get into selling coverage. Warren Buffett, CEO of Berkshire Hathaway and investing guru to millions has knocked Elon Musk’s idea to launch Tesla insurance. Buffett is seen as an expert in the insurance industry as Berkshire Hathaway thrives within it. Musk recently announced that his electric vehicle company will launch its own Tesla insurance coverage, as reported by Live Insurance News at the end of April. This was, to a large extent, a response to what…

Tesla lifetime insurance underscores company’s belief in self driving car

February 27, 2017February 24, 2017 Marc

This could mean that customers buying these vehicles may never need to pay insurance premiums. When customers start shopping for Tesla self-driving cars, they may soon have the option to purchase lifetime insurance. They will also have the opportunity to buy a maintenance package. This could mean that while the vehicles drive themselves, their owners also never need to pay for coverage or repairs. Elon Musk, CEO of Tesla, is so confident in the self driving vehicle safety features that they are being bundled with lifetime insurance and maintenance packages…

Tesla auto insurance becomes the company’s next venture

September 1, 2016August 31, 2016 Logan B.

The company best known for its electric cars is now stepping into the coverage side of the business. Tesla auto insurance is now underway. The electric car company has now opened the doors to a new revenue stream. This has meant to give consumers more options when trying to find coverage for their electric vehicles. Traditional insurance plans don’t always suit the needs for the complexities of all-electric cars. The InsureMyTesla policy is meant to be a solution to this problem. Tesla auto insurance will be offered exclusively for covering…