Elon Musk’s Tesla is getting into the insurance business: the company just launched Tesla Insurance to customers in California. The company said on Wednesday that they would offer rates that are between 20% and 30% lower than other insurance companies. “Because Tesla knows its vehicles best, Tesla Insurance is able to leverage the advanced technology, safety, and serviceability of our cars to provide insurance at a lower cost. In 2016, Tesla began to offer its InsureMyTesla program to Tesla vehicle owners in Australia and Hong Kong by partnering with larger insurance companies. This video was produced by YT Wochit News using
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