switching to Tesla
The “compelling” insurance product Tesla promised back in April has now come to fruition. The insurance, which is currently only available to California Tesla drivers— so basically half of all Tesla drivers, may shave up to 30% off electric vehicle owners’ current rates.
Musk being Musk said customers might have to agree “not drive the car in a crazy way,” if they want to buy the insurance. He later added that they can drive crazy, but will pay a higher rate. Apparently, specific vehicle data will not help determine rates, but the car is basically one giant computer. Thus, Tesla may be tempted to do some digging.
The company hasn’t posted an annual profit since going public in 2010. It’s safe to say a game changer is pretty key, but many are skeptical of an insurance play being its saving grace
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