Tesla’s car insurance move isn’t just about cheaper premiums

0 Posted by - 6th September 2019 - Technology

Not content with attempting (with variable success) to go into space, make automated driving the new norm, and drilling giant tunnels underground through for superfast hyperloop trains, Elon Musk wants to expand his business in a new direction: insurance.

Musk plans to use the anonymised data collected by his fleet of Tesla vehicles to offer cut-price insurance to people driving his cars. Doing so, he reckons, would provide Tesla drivers with rates at a 20 per cent discount to other providers. The plan will start in California, but Musk wants to expand it beyond shortly thereafter.

read more at https://www.wired.co.uk/ by Chris Stokel-Walker