Tesla Insurance Will Make Billions

🚀 SUPPORT THE CHANNEL ON PATREON

BECOME A MEMBER OF THE CHANNEL

CHANNEL MERCH

AFFILIATES
◆ Get 3 Free Stocks (two of them up to $1600) on WeBull:
◆ Get 1 Free Stock on Stake:
◆ Get 1 Month Free Premium Access (valued at $10) to HyperCharts:

GEAR

MY TOP INVESTING/FINANCE BOOKS (listen for FREE with an audible trial)

MY TOP BOOKS

SOCIAL

In this video I discuss and share my thoughts and opinions on how Tesla Insurance can grow to become 30-40% of Tesla's automotive business in the future. I also include predictions for Tesla deliveries and Tesla revenue from automotive sales in 2030. The numbers get ridiculous.

Tags: #Tesla #TSLA #TeslaInsurance #TeslaStock

As always, in this video I'm just sharing my #investment thinking process and my reasoning. Keep using your own brain. Don't be a sheep. 🐑

I love you all,
Steven

p.s. Share your thoughts below. I read ALL your comments.

[derek]

Musk liked SMR's tweet about this video!!!

[akshaykashyapa]

Nice to see the old narration style again! Good on you for switching things up a bit. Great video as always.

[gabrieltrifan]

You are right but somethings are wrong with the numbers 😅
Different countries, different incomes. I pay 600 euro for insurance in Italy and some friends of mine are paying 3-400 euro.
Same problems with starlink-the price should be 100 dollars/month but now i pay 30 euro/month (30Mb/s)...but yes, i got the point 😉

[babysquirrel]

SMR - I love getting to keep up with all of your content. There's a small editing issue at 4:53 - just wanted to let you know in case you had a chance to fix it for future viewers. Super small audio deal. Thanks for helping me develop some talking points around Tesla that I can discuss with friends and for giving me material to further research on my own. Thank you for your hustle and pumping out so much content. #Respect

[jimzhang]

At the 2019 autonomy day, Tesla clearly said they knew how to rate the driver expertise level, and use the good driver’s data more to train the FSD.

[BrentNally]

And Tesla insurance is just one of about a dozen start ups that make up Tesla...

[ELECTRICINVEST]

Tesla insurance will save us all money

[SuperYachtCaptain]

Amazing, how do you find the time to publish so much content? Loving it!!!

[SolvingTheMoneyProblem]

Are you surprised that Tesla Insurance could be 30-40% of the auto business in the future?

[alsmith]

12:43 It's not only the LFP batteries that are the 'million mile battery', I suspect it's the whole lineup. The chemistry going into the Tesla Semi is high nickel, and they definitely want those Semis to last 1 million+ miles.

[lifestyledividends]

Great coverage!!! Thanks for the content Steve 👍🏽👍🏽

[jamesdillon]

Awesome work Laddie! Keep up the great work! Greetings from Canada. Jamie

[neatphar-]

insurance companies already offer discounts for safe driving, based on smart phone app data. Not as good as the cars will be able to capture but it is already happening.

[nampai]

Great stuff as always. I'd also add that most of the extra cost of insuring Tesla's comes from the high severity costs that result from Tesla's limited service centers and more expensive parts. As more Tesla-approved service centers come online and parts become cheaper and faster to replace, the severity costs (time & money) will drop sharply. This will reduce the cost side of insurance (liability). Tesla is already a leader in capital allocation (asset). Higher returns in assets + lower costs/liability matters.

[tylerdickinson]

May you please review NIO stock and why it’s been making such large moves recently?

[gregdixon]

ARE YOU HIGH!!? "Well yes I am, but my point still stands". LOL

[bhatiasuneet]

Recently called tesla insurance for some information. They adjusted my premium by about 50% with the exact same coverage due to new pricing!

[PastunesMusic]

In 2019 State Farm, the largest U.S. insurance provider, brought in revenue of $79.4B on $65.46M customers, which averages out to $1159.80 per customer per year. Tesla's goal is to undercut the competition's rates by using the data it has on its drivers - something other insurance companies can only try to do with little OBD-II trackers. FSD Robotaxies should be statistically safer than human drivers so we can expect the cost/mi to actually be lower than a human driver, lets estimate 1/2 per mile. Expecting each vehicle to drive 35k/mi year instead of the average of 12.5k (with 25k avg in full autonomy) means a premium of roughly 2X. Then lets estimate Tesla can undercut the competition by 25% and we get an average annual premium of $1740. Let's assume 65% of Tesla customers elect to join Tesla Insurance (remember, many people are very loyal to their lifelong insurance providers), that means in 2030 with 100M vehicles on the road we can very roughly project annual premiums to bring in $113.1B. That's still an incredible number. It's important to look at as many variables as possible in order to have the most accurate model possible. (This is not investment advice and should not be relied upon as a basis for investment decisions, just my own thinking around this topic)

[soul-software-survivor]

Can someone help me understand why the owner of a robotaxi would need to pay a higher insurance premium if Tesla is liable for any accidents the car has while self driving and not the owner? I clearly must not understand how insurance works.

[musinclind]

Tesla is trying to bring the cost of it's vehicles down. Does anybody think that they won't want to do the same for insurance? That's the problem with projections especially far out projections in terms of cost, time, and sales!