StealthP3D
Well-Known Member
Honestly, I think Tesla hasn't even put AI to the task of insurance rates yet, at least not sophisticated AI. They just created a simplistic framework based on very basic data. The current safety score system was almost certainly based on something more important (at this time) to the company than fine-tuning insurance rates to be as accurate as possible. Namely, assisting with limiting the roll-out of FSD Beta to insure it primarily only ends up in cars with enthusiasts who really wanted it. This will reduce the number of casual users of FSD and therefore stupid FSD accidents. The safety score is BS but it's achieving its goals at minimal cost and distraction of their top AI people. Tesla is an incredibly efficient company and that is how they can be so profitable even at the relatively small volume of cars they produce and sell. Talent is the limiting factor.
As for more sophisticated scoring for insurance purposes, patience, it will come. Tesla's biggest job is creating the framework for their insurance business and that's a big job that won't be helped by their customer base growing too rapidly. In time they will fine tune the billing, rates for low-risk customers will go lower and those for high-risk customers will go higher or stay the same, the volume of insurance customers will balloon and profits will become super-charged. It will be all about volume and Tesla will achieve that volume while maintaining margins by figuring out who they can give low rates to. This is not a business to jump into too quickly and the real work is getting licensed in all the states.
