iiinova — where your digital self keeps evolving

Replies

e.w. niedermeyer @niedermeyer.online · 18/05/2025

Tesla has made like three big pushes on fixing its insane insurance cost problem by building an in-house insurance option. That effort apparently sports a 92.5% loss ratio. That means Tesla paid 93 cents in claims for every dollar it took in. Industry avg is 70%% www.webpronews.com/teslas-insur...

webpronews.com

Tesla's Insurance Woes: 92.5% Loss Ratio, Safety Score Frustrations, and the Vandalism Challenge

Tesla Insurance struggles with a 92.5% loss ratio, far exceeding industry averages. Customers express frustration with the Safety Score system affecting premiums. Rising vandalism against Tesla vehicl...

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e.w. niedermeyer @niedermeyer.online · 18/05/2025

Tesla Insurance was always one of those stories that was just one too many to follow in any real depth, but I distinctly remember multiple waves of stock-pumping hype over the years. So much breathless bullshit from people who refused to accept that the core cost drivers were just choices Tesla made

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Bonkutis of Borg @borgdad.bsky.social · 19/05/2025

When I replaced my eight year old Model S with a new Rivian R1S my insurance costs dropped by $400/year. 🤔

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🏝️🌺Nai-chan 奶🌺🏝️(silly/sugoi) @nai-chan.bsky.social · 18/05/2025

Tesla is only one of elons companies. If it fails, it’s unlikely to end his reign as president. I worry the green eco car company is being disproportionately targeted now that he’s in bed with mr oil.

media.tenor.com

a cartoon character from the simpsons is standing in front of a door and says groans

ALT: a cartoon character from the simpsons is standing in front of a door and says groans

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America’s only patriot 6’3” IQ 72 @hellointernet.bsky.social · 18/05/2025

that photographer was like “ok let’s do a few funny ones now”

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Dan Murphy @bungdan.bsky.social · 18/05/2025

I wonder what the cost of running/administering the insurance is on top of that. I'm betting running at a net loss.

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Clair Pon-E @stardustpon.bsky.social · 18/05/2025

Yet another reason to buy an EV from literally any other company

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Mika Peltokorpi @mikapeltokorpi.bsky.social · 19/05/2025

This reminded me that Tesla is the only S&P 500 company that can not get liability insurance to their board and execs.

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Oswiu☦️ @oswiu.bsky.social · 18/05/2025

In-house insurance is crazy. Why would you ever trust them to pay out a claim?

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safetycapz.bsky.social @safetycapz.bsky.social · 19/05/2025

I won't say that regular insurance companies aren't screwing you over. But a 20% difference seems like blows any profit margins this could have ...so they are trying to cover up their terrible decisions by throwing more investor money at it, hoping it goes away (Without actually changing anything)

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