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When Musk spoke for the first time about insurance, Warren Buffett pointed out, "The success of auto companies in the insurance industry is probably as likely as that of insurance companies in the auto sector. " However, it should be noted that his company builds cars and that Musk has an entrepreneurial history in web technologies. It's a company even more distant from the construction of cars.
However, Tesla has always been too promising and inefficient, so we will not be excited for the moment. If Tesla can set a precedent for other automakers and force the auto insurance industry to become more competitive, we'll give Tesla what it deserves. Our concern is the problem of confidentiality if Tesla intends to reduce rates by using information on driving habits borrowed from cars.
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