Tesla Insurance

[Buckminster]

Why haven't Tesla continued expanding insurance to other states and countries. My theory - all Robotaxis will be registered in Texas. Existing business will ensure that competitors in other states and countries are confident to compete at competitive prices.

 

[ewoodrick]

Why haven't Tesla continued expanding insurance to other states and countries. My theory - all Robotaxis will be registered in Texas. Existing business will ensure that competitors in other states and countries are confident to compete at competitive prices.

Interesting, since when the concept of robotaxis surfaced, Tesla wasn't in Texas.
And that the insurance business is a tough business and spreading nationwide takes a lot of effort.

 

[Buckminster]

Now that production scaling is slowing down, Tesla seems to be spending their money on improving service. I tried to add another Tesla to my Tesla Insurance policy today. My wait was 15 minutes instead of the 1 hour+ I had usually dealt with in the past. When I told the representative that I noticed their service was getting better, she said they were finally hiring more people so the team was no longer short staffed. I hope Tesla next spends money on building spare parts to reduce cost of insurance across all insurance carriers. As the total cost of ownership decreases and quality of ownership experience increases, Tesla should naturally attract more buyers.

 

[Buckminster]

Losing money on insurance

https://twitter.com/x/status/1769650441116434519

 

[Hiline]

Losing money on insurance

https://twitter.com/x/status/1769650441116434519

Wonder how much of this loss is from Tesla vehicles. If insuring Tesla vehicles is too costly, Tesla really should make spare parts more available and affordable.

 

[Buckminster]

Indeed, FSD should be bundled with Tesla insurance in those jurisdictions in which it is available.