Can Tesla (Tsla) Profit From Its Insurance Business? - Economystery

Can Tesla (Tsla) Profit From Its Insurance Business?

Can Tesla (Tsla) Profit From Its Insurance Business?

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Can Tesla (TSLA) benefit from his insurance activities?

For most Tesla, Inc. (TSLA) investors are the sale of electric vehicles in the company's balance sheet.In Musk Mousk proposed that Musk Muschus suggested that the insurance activities of the past year can be between 30% and 40% of the entire future value for car companies.

For the current value of Tesla of one billion US dollar, this means that the insurance sector can be worth at least three hundred to four hundred billion US dollars in the coming years.Combined appreciation of Tesla - Pergalls Ford Motor Company (F) and General Motors Company (GM).

  • The Tesla KFZ insurance, which is currently available in three states, will probably make important contributions to the last line of the company in the future.
  • In its current form, however, the insurance product has to overcome more problems to make a visible difference for income .elon Musk, CEO of Tesla, said that the low insurance arm can be up to 30% to 40% of the company's car activities..
 Can Tesla (TSLA) Profit From Its Insurance Business?-ECONOMYSTERY.com

Tesla'S Car Insurance Company

With a value of 288.4 billion US dollars and the average annual growth rate of 2.7% in the past five years, car insurance has been an attractive industry in as a broker for guidelines signed by the National Insurance Companywere, to the company in California, the activities have been launched since then and a similar product in Texas and Illinois started.

Apart from the achievement of income for the company, it helps to offer customers as a manufacturer of electric cars car insurance policies in order to solve two problems at the same time.

First, it lowers the total insurance costs for Tesla vehicles. A study in USA Today from has classified the Tesla Model S as the most expensive car for car insurance.

Secondly, and this is related to the first, the insurance activities of Tesla can also increase the sale of its cars by reducing the total ownership costs.Calculated for measures such as aggressive rotation, hard brakes and unusual long -distance conversation. For example, drivers with average safety results save between 20% and 40% in insurance, while people with the highest security results can save between 30% 60%.

Monitoring the driver's performance also serves another goal for car manufacturers.CEO Musk says that it is possible to connect a much better feedback rail to preliminary work.

In order to be safe, the term of insurance or UBI is not new. Insurance companies that offer all -level corporation (all) similar products.And are much larger than Teslas offers.

In such systems, a device that is subjected to driving behavior is usually installed in vehicles in a limited period of time. Discounts are offered on the basis of checks during the evaluation period and on credit and vehicle type.Or driving history.

The Tesla KFZ insurance, which is currently available in three states, will probably make important contributions to the last line of the company in the future.In its current form, however, the insurance product has to overcome more problems to make a visible difference for income .elon Musk, CEO of Tesla, said that the low insurance arm can be up to 30% to 40% of the company's car activities.

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