Musk sells Tesla car insurance, which is 20% cheaper than traditional insurance and is first launched in the United States

Recently, foreign media reported that Tesla CEO Elon Musk publicly sold his Tesla car insurance on Twitter. According to Musk, Tesla car insurance is 20% cheaper than traditional insurance and has been launched first in California, USA.

Musk believes that because Tesla cars are more proactive, Tesla has better data than other companies. Through this data, Tesla can provide consumers with lower-cost insurance products.

As early as April this year, Musk mentioned this project at the company's internal meeting. Musk believes that Tesla can directly understand the driving conditions of car owners. Once the car owner buys a Tesla, he will not drive the car crazily, so the cost will be reduced. In addition, Musk dares to reduce the rate because he has enough confidence in his own Autopilot automatic assisted driving system.

Currently, Tesla's super factory in Shanghai, China is under construction in full swing. According to Tesla's plan, Tesla's Shanghai factory will start mass production of Tesla cars by the end of this year. Presumably, as Tesla is localized, Tesla's insurance will also enter the Chinese market.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.