Tesla’s push for telematic rates rejected by California Insurance Commissioner

Teslarati
By Joey KlenderJan 27, 2022, 4:29 pm178 pts
Tesla CEO Elon Musk said yesterday during the Q4 2021 Earnings Call that the automaker is pushing California to adopt telematics-based insurance rates. Ricardo Lara, the State’s Insurance Commissioner, is advising Musk to ease off. Telematics insurance adjusts the price of premiums based on usage. It usually…

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