Tesla Insurance is available in three new states

Tesla Insurance is now available in three new states – Oregon, Virginia, and Colorado. With these additions, Tesla Insurance is now live in a total of 8 states.

According to the carmaker, insurance in every state, with the exception of California, incorporates real-time driving behavior.

Last month, we reported that Tesla filed new insurance programs in Oregon and Virginia through its newly-acquired carrier BA Insurance Group.

State National, which supports Tesla’s insurance program in California, recorded ~$112 million in direct premiums written produced by Tesla Insurance Services, according to insurance regulatory filings from last year.

Bottom Line: Prove [him] wrong: Tesla insurance is a slow-burning (like a good tv show) moneymaker that Wall Street is sleeping on.