Tesla’s demands better insurance

“Not to the exclusion of insurance providers but if we find that insurance providers are not matching the insurance proportionate to the risk of the car, then if we need to, we will in-source it. I think we will find that insurance providers do adjust the insurance cost proportionate to the risk of a Tesla” – Tesla CEO Elon Musk on selling Tesla cars in Asia with an insurance product that is customized to Tesla and takes into account – not only the Autopilot safety features – but also the maintenance costs of the car. Recall, last year, Tesla announced that it was offering a customized insurance product called InsureMyTesla; underwritten by AXA in Hong Kong, and QBE in Australia.