During Tesla’s recent Q1 2022 earnings call, Chief Executive Officer, Elon Musk, along with Chief Financial Officer, Zachary Kirkhorn, shared key details about Tesla’s new insurance offering that uses real-time driving behaviour data.
The insurance offering was launched earlier this week in Virginia, Colorado and Oregon.
During the call, Musk explained that having real-time feedback for driving habits is actually resulting in Tesla owners driving the cars in a safer way, because they are able to know whether these habits are affecting their insurance rate or not.
Musk stated that when people see the feedback they can see a real-time score, allowing them to realise that if they make the following changes in their driving habits, then they pay less in insurance.
Furthermore, Kirkhorn added that with the real-time data, they are trying to do a good thing for their customers, save people money, and make the roads a little bit safer.
