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As an insurance professional, this is utterly astonishing. It shows why most people need some counsel on making risk management and financial/legal decisions. He has a current insurance agent who, correctly, advised him to take a commercial auto policy with $1m CSL liability limits. He has a 16 year old, and 4 Tesla's. Of course it's going to be expensive. He probably has (or should have) an umbrella on top of that.
He just cancelled that for a personal policy (coverage issues may arise, as the vehicles are titled to a LLC), while chopping coverage from $1,000,000 to 100/300/50. So now, if his 16 year old totaled out someone else's $100k SUV and sends them to the hospital, he's severely underinsured.
He just blithely said, "Ehh...yeah I think that lower limit is enough". This guy probably has a net worth of >$10m. Insanity.
That I totally get, but not all data is the same or will be used the same. I 100% don’t want companies selling my personally identifying information without my consent, but I should have the option to consent to allowing a company to collect my information if it can provide me with a better product.California’s stance on this is somewhat reasonably grounded in privacy concerns.
Too damned many companies tracking entirely too much about us, securing super private data poorly and whoring it out to the highest bidder. Do you really want Facebook & Google to know more about your daily life?
But in this case it’s misguided. I don’t think Tesla actually uploads anything other than your score so there is no actually private or sellable information in there. Well except perhaps the actual score itself.
In fairness here, Ford is so far behind the curve they are struggling to make a dime on their Mach-E. Tesla is crushing it with 30%+ margins.Subtle differences in your treatment by CNBC if you're a big advertiser.
Elon raises prices so he can put on his tuxedo and sip champagne in the grand ballroom.
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Ford only raises prices(5 minutes after the IRAct passes) because they absolutely have to.
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Yeah, I kind of mentioned this in the last paragraph.That I totally get, but not all data is the same or will be used the same. I 100% don’t want companies selling my personally identifying information without my consent, but I should have the option to consent to allowing a company to collect my information if it can provide me with a better product.
Yup, was agreeing with that sentiment. That’s big government for you.Yeah, I kind of mentioned this in the last paragraph.
It's a good idea, but poorly implemented. Like a lot of legislation.
Your attitude about wanting higher coverage is good but you can get higher coverage in the Tesla Insurance. Just because one dude made a youtube video with default coverage doesn't address what you could edit it to if you hit the edit button.Insurance is not just the rates and coverage it is also the quality of the company when you need support. You will know this after several depositions and a room of lawyers. Anyone in CA that does not have at least 300/500 plus an umbrella with a good company is gambling. I won't change to Tesla insurance for this reason and it is 50% less.
Is Tesla the only company actually making a real profit on their EVs? BYD isn't, Ford clearly isn't, GM (lol), Lucid, Rivian, Nio...no. VW (perhaps just the Porsche division).In fairness here, Ford is so far behind the curve they are struggling to make a dime on their Mach-E. Tesla is crushing it with 30%+ margins.
The more truthful "Electric Latecomer Ford struggles to keep doors open, raises prices on EVs" would make it tough to get advertising from Ford later on...
Don’t be ridiculous. You’re giving them permission for continued shenanigans as long as they make us aware of their shenanigans. Do you hear yourself?These utterly unfair markets exist. To me his honesty increases consumer awareness and makes a clearer case for stiffer regulation.
He basically said the SEC is asleep at the wheel. Are all brokers scumbags? Yes. Of course. But there are degrees!
In many ways you could say IB is the Tesla of brokers. They say what lean product they're offering, and you can buy it or not. Nearly everyone else just lies 60-100% of the time to gain marketshare.
If I took on this line of thought, I'd have to conclude I have a 100% chance of hitting a McLaren.I have equal chances of getting hit by an uninsured person as I do hitting a McLaren.
I highly doubt any others are making money when we put that into context with all their recalls.Is Tesla the only company actually making a real profit on their EVs? BYD isn't, Ford clearly isn't, GM (lol), Lucid, Rivian, Nio...no. VW (perhaps just the Porsche division).
This is WITH subsidies. So Tesla is either the only company making a profit to closer to it, AND are making industry leading profits. I know the other companies try to hide this, but more people should talk about it.
Not an impossibility in some areasIf I took on this line of thought, I'd have to conclude I have a 100% chance of hitting a McLaren.
I don't follow the Chinese companies but I'm surprised they are not making a profit. It's good to own TSLA.Is Tesla the only company actually making a real profit on their EVs? BYD isn't, Ford clearly isn't, GM (lol), Lucid, Rivian, Nio...no. VW (perhaps just the Porsche division).
This is WITH subsidies. So Tesla is either the only company making a profit (or dang near), AND are making industry leading profits. I know the other companies try to hide this, but more people should talk about it.
Don't worry. Ford has a track record over the last hundred years on making 30%+ gross margins on their cars and over 20% operating margins. They are now just struggling because the Mexicans are charging top dollars due to insane cost of living. A taco is almost 50 cents bankrupting the locals.In fairness here, Ford is so far behind the curve they are struggling to make a dime on their Mach-E. Tesla is crushing it with 30%+ margins.
The more truthful "Electric Latecomer Ford struggles to keep doors open, raises prices on EVs" would make it tough to get advertising from Ford later on...
Is Tesla the only company actually making a real profit on their EVs?
Indeed... particularly when you consider recalls!I highly doubt any others are making money when we put that into context with all their recalls.
I don't know, time seems to be running out for most automakers.Not an impossibility in some areas
The key variable being time.
Most of the 200+ Chinese Ev companies are playing games with government subsidies by selling the cars back and forth. Lots of them are not real players and had zero intentions of becoming a real player after they can't continue with their fraudulent behavior.I don't follow the Chinese companies but I'm surprised they are not making a profit. It's good to own TSLA.
We actually got some data today which once again, points to inflation on the downtrend.Well... looks like me going backpacking doesn't help the stock after all.
Bears have some ammo on the overall market. After this downward gamma expires though, I think we will see a decent tick up next week until data starts coming in.