Tesla running an auto insurance company for Tesla’s, covered in Matt Levine’s newsletter this morning, is (contingent on the product being factually safe) such an obviously incentive-compatible innovation that we should expect to see more of that greasing gears in tech adoption.
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Additional color from Warren Buffett re: Tesla insurance: "I would say that the success of the insurance company — of the auto companies getting into the insurance business — are probably about as likely as the success of the insurance companies getting into the auto business."
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Further, Tesla owners on twitter and other forums have been complaining that insurance companies are raising prices on them, "gouging", etc.https://twitter.com/zomgapocalypse/status/1118861265596760065 …
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