Tesla founder Elon Musk is going to open an insurance company, Tesla Insurance.
It is assumed that the company will use the data obtained by the car to select an insurance policy for the customer in accordance with their driving style. This is reported by Business Insider.
According to Musk, the data collected in the driver profile section will be used to assess the likelihood of an accident and calculate the monthly insurance premium for the customer.
вЂњCompetition with other insurance firms is based on the accuracy of our information,вЂќ Musk said.
The businessman said that by the end of the year, the company hopes to start insurance in several US States, and eventually вЂ” throughout the country.