> "Starting today, we're launching Tesla Insurance, a competitively priced insurance offering designed to provide Tesla owners with up to 20 percent lower rates

> "Starting today, we're launching Tesla Insurance, a competitively priced insurance offering designed to provide Tesla owners with up to 20 percent lower rates, and in some cases as much as 30 percent," Tesla announced on its website last week. According to the statement, Tesla Insurance offers comprehensive coverage and claims management to customers in California, with planned expansion to additional U.S. states in the future. This made no sense until I read this: > "Tesla Insurance does not use nor record vehicle data, such as GPS or vehicle camera footage, when pricing insurance," states the company. Now the plan becomes clear. Create a profit center through an insurance division that's granted privileged access to the wealth of surveillance tech built into each Tesla but unavailable to outside insurers.