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Is Tesla Insurance Losing Money? New Report Says Business Not Sustainable
Thursday, May 29, 2025 - 4:28pm | 515Tesla Inc (NASDAQ:TSLA) offers insurance for its vehicle owners in a select number of states, a move that could offset higher costs from traditional insurance companies on their electric vehicles. A new report says Tesla might be losing money on its insurance division. What Happened: With the...
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UPDATE: Geico Is Paying For Tesla Repairs At Arizona Service Centers, Automaker Says
Saturday, October 1, 2022 - 9:56am | 117Tesla Inc (NASDAQ: TSLA) electric vehicles insured by Geico are being repaired at the automaker's service centers in the Phoenix, Arizona area, according to the automaker. Tesla authorized collision centers in the Phoenix area are servicing Geico customers and are making dozens of repairs...
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Elon Musk Hopes To Roll Out Tesla Insurance Worldwide, Beginning With Texas Next Month, But Says Regulations Present Massive Challenge
Wednesday, September 22, 2021 - 4:15am | 499Tesla Inc (NASDAQ: TSLA) is planning on offering car insurance, "based on actual driving history," in Texas next month, as per the company’s CEO Elon Musk. What Happened: The electric vehicle manufacturer, which already offers insurance in California, is hoping to jump into the...
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Tesla Expanding Insurance On Its Cars To Illinois
Friday, March 12, 2021 - 5:25pm | 387Unlike most other auto manufacturers, Tesla Inc (NASDAQ: TSLA) offers its own vehicle insurance policy for customers. The insurance was first offered in California, but has since expanded to Texas. And now it seems Illinois residents are next to sign up for the more affordable insurance. Tesmanian...
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Report: Tesla Has Established Insurance Brokerage Company In China
Wednesday, August 12, 2020 - 7:23am | 240If Tesla Inc (NASDAQ: TSLA) really wants to launch level 5 full self-driving, the company will need to provide insurance. If Tesla claims the cars are fully self-driving, with no human needed, the company becomes the one responsible. This is part of the reason Tesla launched its own insurance...
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Tesla Rolls Out Car Insurance Unit For Drivers of Its Cars In California
Wednesday, August 28, 2019 - 3:54pm | 398Tesla Inc (NASDAQ: TSLA) announced Wednesday it's launching an insurance division to offer Tesla owners cheaper coverage for their cars. What To Know Tesla Insurance will offer coverage up to 30% less expensive in some cases, but for now, only to drivers of its cars in California. The company...