I think their lawyers told them not to. Insurance is a very tightly regulated business.
If Tesla could monitor their cars, what stops other insurance companies like State Farm from installing some GPS-enabled monitoring device on people’s cars in exchange for lower rates?
Progressive snapshot does that already.
Yup. likely. Elon is throwing up random ideas to distract people.
I think State Farm already has something like that, and it is called ‘State Farm Drive Safe and Save.’
Other insurance companies have similar product and service.
However, not many people like to be monitored, so they are not that popular.
Maybe the problem is that it’s a double-edge sword. Monitoring may lower your bill if you drive like a grandma. But if you did anything risky at all it may raise your bill or the evidence used against you in claims. Who in the world always drive below speed limit?
Probably Tesla’s biggest issue right now.
That is exactly my point. The valuation of Tesla implied investors considered Tesla have already Crossed the Chasm, which I think is a faulty idea.
We all witnessed the miracle and shared the excitement that Tesla was finally able to enter the mass market with Model 3. That alone is an extraordinary accomplishment. But being a mass market car making and being a successful mass market car maker is totally different. There is absolutely no evidence that there is any early majority satisfying with Tesla’s offering. You are kidding yourself if you assume the chasm doesn’t exists.
it’s not about being an early adopter but how Tesla treats their early adopter customers. Per my experience with service and support, it has been absolutely atrocious and tells me Tesla doesn’t care about their post sales experience at all. I tried multiple venues - emails, poll surveys, talking to service people, etc. They have given me practically a lemon and want to avoid responsibility at every turn.
Since they are behaving like that, I have recently been not afraid to share my experience with anyone in my circle that wants to buy a Tesla. As always I tell them their experience may vary, and is likely going to be better, but given what i know now, I would never have bought a Tesla.
Unless Tesla addresses the well valid and documented concerns of customers like myself, Tesla is going to be pissing off and turning away a significant chunk of future business.
Thanks for the heads up. Bought Tesla in June at 180. Sold today at 243. This a traders stock. Made 35% in three months. Will buy again at 180. Tesla can’t make its production goals, provides horrible service and looses lots of money. Great stock to trade because it’s believers will keep buying despite all the short players on Wall Street.
Sounds like Elon is running his companies like a South Korean chaebol
Musk is a psychopath. Doesn’t care about his customers, investors, laws… yet he is an evil genius. We all want EV to succeed. Problem is the EV poster child needs to be taken to the woodshed.
