Tesla Is Getting Into the Insurance Business
Tesla (NASDAQ: TSLA) has already expanded into two additional markets beyond electric cars: energy storage and solar. Now the company wants to add a fourth leg to its business: insurance. Tesla announced an auto insurance service on Wednesday, which will be offered through a new business called Tesla Insurance Services.
Image source: Tesla.
Perhaps as part of a move to roll out the service gradually while working out kinks, Tesla Insurance will only launch in California at first. But the company says it will expand to more states over time. The service is available for all of the company's vehicles, including the Model X, Model S, Model 3, and Roadster.
Source Fool.com
