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This seems like a strange move on Teslas part. Insurance is a business of quantifying risk, charging people appropriately and making your money by investing th
by benj111 7y ago
This seems like a strange move on Teslas part.
Insurance is a business of quantifying risk, charging people appropriately and making your money by investing those sums before claims are paid out.
That doesn't seem like a great fit for Tesla. They cant reasonably invest all that money in Tesla and Tesla bonds, Tesla just becomes a confusing story of car maker and insurance that won't be greater than the sum of its parts.
As others have mentioned, prices indicate this isn't some Muskian disruption of the market so why the distraction? Am I looking for reason in what is intended to be a nice little earner on the side?
- Marsymars 7y agoYes, the reason for it existing isn't clear. I don't see how Tesla can practically reduce costs of payouts, so the other option is Tesla claiming that the existing insurance industry is systemically over-estimating the risk of Teslas, which even if true, doesn't seem like it would continue indefinitely.
- clickbyclick 7y agoWhen the car drives itself, why is the driver accountable? This feels like a first step towards aligning insurance based on what/how you drive vs. autonomous. I could see: $.01/mile with autonomous and $.05 human. Great lever to allow the robots to take over.
- benj111 7y agoIf the driver is accountable by default, why would Tesla want to take on the liability? This is all hypothetical anyway because Autopilot still requires you to pay attention.