Tesla insurance

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Tesla Insurance could pose a threat to the ~$260 billion US auto insurance industry,

following the company's expansion of its new insurance product that uses real-time driving behavior data.

Insurance offerings were recently introduced in Virginia, Colorado and Oregon.

It was also reported that the company plans to have a full-stack auto carrier in those three states.

Meanwhile, analysts said Tesla is not a "wild expectation" as a top 10 auto insurance carrier, with insurance premium

forecasts for Tesla yielding ~$9.6b by 2031, assuming fairly conservative take-up rates by Tesla car owners.

Analysts said: "Assuming that the industry is growing ~3% annually, this would give a market share of 2.8%, breaking the top-10 in the US P&C market share."

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