That will likely to appeal to Tesla owners who
have been complaining about being charged
too much for coverage.
Although the insurance is only being sold in
California to start, Tesla plans to offer coverage
throughout the U.S. at a later undisclosed state.
The policies will only be for personal usage
of the Tesla cars, but the Palo Alto, California,
company also wants to eventually offer
commercial policies.
It’s a move Tesla may have to take if Musk is to
deliver on his promise to begin selling Tesla
vehicles capable of navigating roads without
a driver behind the wheel within the next 16
months. Self-driving car experts believe that is
unlikely to happen, but Musk has promised to
have a fleet of robotic Teslas operating as part of
a ride-hailing service by the end of next year.
To make that vision a reality, the driverless cars
will need commercial insurance — something
no company but Tesla may be willing to provide,