Last Updated on February 10, 2021
2. Why Is Tesla Selling Insurance?
The first thing you need to know is that Tesla auto insurance only works for Tesla cars and only in some US states. And this started when Elon Musk launched Tesla Cybertruck. Tesla wants to know if this is an affordable business for them and in order to get a good share of the market, they promise premiums 20 to 30% cheaper than other insurance companies. If we take into account that people from around the world are buying Tesla cars, it’s easy to understand that this can be another gold mine for Elon Musk. Another thing you should consider is that Tesla cars are prepared for a couple of things that will help Tesla offer the best insurance policies for their vehicles.
