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Tesla
Tesla’s FSD insurance could pose competitive risk to Lemonade: Jefferies
20th March 2026
Tesla Insurance’s Full Self-Driving (FSD) pricing poses a potential competitive risk to Lemonade’s auto insurance ambitions as its model scales, with pricing based on how the car performs in FSD through its Safety Score, potentially offering better rates, according to analysts at Jefferies. Recent filings show Tesla has eliminated standalone discounts ... Read the full article
Tesla Insurance forcing competitive rates from peers, says Musk
27th January 2023
Tesla CEO Elon Musk has said that his company’s insurance offering has already made a significant impression on the market, with other large car insurers having been forced to offer better rates for Tesla vehicles. Speaking during a Tesla Q4 earnings call, Musk also spoke to the “unreasonably high” repair costs ... Read the full article
Tesla seeking to fix “incredibly inefficient” insurance market, says Musk
17th May 2022
Tesla CEO Elon Musk has commented on the growing importance of his company’s new car insurance offering, which he says aims to redress the “incredibly inefficient” process that is keeping premiums high for many drivers. Speaking at the All-In Summit in Miami yesterday, Musk remarked that the solution is "quite significant ... Read the full article
Tesla Insurance could pose long-term threat to US auto insurance industry: Morgan Stanley
27th April 2022
Analysts at Morgan Stanley have said that in the long-term, Tesla Insurance may pose a threat to the ~$260 billion US auto insurance industry, following the company’s expansion of its new insurance product that uses real-time driving behaviour data. The insurance offering was recently launched in Virginia, Colorado and Oregon. It ... Read the full article
“We’re trying to turn a nightmare into a dream with Tesla Insurance,” – Elon Musk
22nd April 2022
During Tesla’s recent Q1 2022 earnings call, Chief Executive Officer, Elon Musk, along with Chief Financial Officer, Zachary Kirkhorn, shared key details about Tesla’s new insurance offering that uses real-time driving behaviour data. The insurance offering was launched earlier this week in Virginia, Colorado and Oregon. During the call, Musk explained that ... Read the full article
Tesla influencing technology firms to undercut traditional insurers: Moody’s
10th March 2022
Tesla’s insurance business, which offers auto cover by using real-time driving data to assess accident risk, shows that there is potential for technology firms to undercut traditional insurers, as its own emergence as an insurer is already pushing the insurance industry to enhance its own data-led underwriting, according to Moody's. Tesla ... Read the full article
Tesla opens insurance broker in China: reports
13th August 2020
Elon Musk-led automotive and energy giant Tesla has set up an insurance broker in Shanghai, China according to reports. Tesla has been public about its desire to leverage the high-value data its vehicles collect in order to create low-cost and attractive insurance products for its customers. “The amount of money that ... Read the full article
Tesla shows smart carmakers well-placed as insurers: Moody’s
14th February 2020
After Tesla's Chief Executive Officer (CEO), Elon Musk, suggested recently that insurance is going to be a major product of the US electric vehicle manufacturer over time, analysts at Moody's have said that producers of smart cars are in a good position to offer insurance protection. Tesla, which already offers insurance ... Read the full article
Insurance to be ‘major product’ of Tesla, suggests Elon Musk
6th February 2020
Elon Musk, the Chief Executive Officer of US electric vehicle manufacturer Tesla, believes insurance is going to become a major product of the company over time, and has laid down plans to offer a ride-hailing app with its own driver cover in the near future. “The amount of money that people ... Read the full article
Tesla launches long-awaited insurance product, pulls it within hours
29th August 2019
Elon Musk-led automotive and energy company Tesla has officially announced the launch of its insurance product designed to cut auto policy costs for owners of its electric vehicles. Hours after unveiling the product however, Tesla has pulled the insurance signup page from its website entirely and replaced it with an “algorithm ... Read the full article
Tesla auto insurance offering “not a near-term threat”, say analysts
13th August 2019
The auto insurance offering being developed by Tesla, the Elon Musk-led automotive and energy company, is not going to disrupt the sector rapidly and the company is likely to look to partnerships, analysts said. Equity analysts from Credit Suisse recently attended a presentation by Tesla and heard the firm's Head of ... Read the full article
Tesla needs to complete small acquisition before insurance product launch
13th June 2019
Speaking during Tesla's annual shareholder meeting held on Tuesday, Chief Executive Officer (CEO) Elon Musk explained that the firm needs to complete a small acquisition before launching its previously announced insurance product. It was revealed in April that the Elon Musk-led automotive and energy company was working on plans to ... Read the full article
Tesla insurance product to be fronted by Markel’s State National
29th April 2019
According to a more than 4,000-page filing with the California Department of Insurance, Tesla's soon to be launched insurance program for its drivers is set to be fronted by Markel Corporation subsidiary State National Insurance Company, Inc. As we explained last week, it's been reported that Tesla, the Elon Musk-led ... Read the full article
Tesla set to launch insurance product in matter of weeks, says CEO Musk
26th April 2019
Tesla, the Elon Musk-led automotive and energy company, is reportedly working on plans which would see the firm develop its own insurance product. Speaking in an earnings call with analysts this week Chief Executive Officer Musk claimed the product, which he says could launch in as soon as four weeks, will ... Read the full article
Motor premiums must reflect improved safety from tech advances
29th November 2017
Using Tesla as a case in point, GlobalData has underlined the need for motor premium pricing in the UK for owners of vehicles that are equipped with the latest technological advances, such as autopilot, to reflect the improved safety of driving. Elon Musk's U.S. automotive and energy storage company, Tesla, is ... Read the full article
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