$Tesla(TSLA.US) stock got a boost (+2.9%) yesterday when insurer $Lemonade(LMND.US) announced that it will offer a 50% rate cut for drivers of TSLA vehicles when FSD is steering because it had data showing it reduced accidents. “Traditional insurers treat a Tesla like any other car, and AI like any other driver,” said Shai Wininger, co-founder and President of Lemonade. “But a car that sees 360 degrees, never gets drowsy, and reacts in milliseconds can’t be compared to a human.”
TSLA bear @RealJimChanos responded on X: “FSD will carry manufacturers liability insurance, so driver insurance will not be necessary. You are all being played again by two promotional companies.” We have long maintained that states will hold manufacturers liable for any injuries and damage caused by unsupervised autonomous vehicles, and insurance liability should shift from drivers to manufacturers. We believe Lemonade’s CEO is referring to insuring Teslas with FSD operating in supervised autonomous mode, rather than unsupervised autonomous mode, where the car drives itself. Over the long term, we believe Chanos’ statement about who assumes liability is correct.The copyright of this article belongs to the original author/organization.
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