Tesla releases Q2 results for carrier subsidiaries

Tesla has released the Q2 2025 results for its three licensed carriers.

Tesla Property & Casualty, which writes in CO, MD, MN, OH, TX, and UT, increased premiums by 34% while significantly improving underwriting performance.

Tesla General Insurance, which offers coverage in AZ, NV, OR, and VA, more than doubled premiums while also improving underwriting performance.

Tesla Insurance Company began underwriting in California in Q3 of last year and it also offers coverage in Illinois. Prior to that, Tesla offered coverage in California and Illinois through a fronting arrangement with State National. The company has been encouraging State National policyholders to move to the program by Tesla Insurance Company.

In the Q2 earnings call, Tesla said that the margins for its service and other businesses improved due to higher profits from supercharging and improvement in insurance and service center profitability.