Earlier in the year Apple decided to bring its chip engineering in house, giving it complete control & over time, substantial cost savings.

Yesterday Tesla announce, Tesla Insurance.

Makes sense, Tesla could know everything about your Tesla, where it goes, when, how often, how many miles you typically do in a month, your driving style, the kind of places you park your car, everything.

Initially they say they can reduce your insurance price by 20 – 30%, this is just rolling out, I would expect in years to come they will be able to offer reductions of over 50% for well behaved drivers, if you agree to share your data with them.

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