Tesla Is Losing Money Insuring Its Own Cars

Tesla is losing money insuring its own cars

Tesla’s insurance products are currently unsustainable, according to a new report that shows the company is losing money insuring its...

New data reveals troubling findings about Tesla insurance rates: 'Seems to penalize normal driving behaviors'

A new report revealed that Tesla Insurance has a higher-than-average loss ratio, meaning it pays out more for claims than other insurers. Rising claims and low profit margins raise questions about Tesla Insurance's overall pricing and reliance on technology.  What's happening? As WebProNews shared, an S&P Global Market Intelligence report showed that Tesla Insurance's loss ratio was 92.5% in 2023. This means that Tesla Insurance pays out over 92…

Earth Rod Installation For Your Tesla Powerwall - Data Intelligence

If you’re planning to get a Tesla Powerwall with home backup protection, you’ll be getting an earth rod as part of your installation. This requires a little extra work and testing before the big day. We’ve provided all of the information you’ll need on what this involves below. Periodic testing and what’s involved Before installing your earth rod, we’ll need to complete some periodic testing. To do this, we’ll assess the condition of your home’…

Tesla insurance model could upend insurance industry

The insurance market isn't keeping pace with the connected, data fluid, and intelligent potential already inherent in the automotive sector.