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Tesla Plans Factory In China, Discounts Insurance For Self-Driving US Cars (electrek.co)
Business Insider reports:
Tesla has created a customized insurance package, InsureMyTesla, that is cheaper than traditional plans because it factors in the vehicles' Autopilot safety features and maintenance costs. InsureMyTesla has been available in 20 countries, but Tesla just recently partnered with Liberty Mutual to make the plan available in the U.S. InsureMyTesla shows how the insurance industry is bound for disruption as cars get safer with self-driving tech.
Electrek reports: There have been several false alarms over the past few years about Tesla building a factory in China. Earlier this year, Tesla finally confirmed working with the Shanghai government to establish a manufacturing facility in the region and promised an announcement by the end of the year. Now the Wall Street Journal reports that they have come to an agreement with the local authorities on a "wholly owned" factory in the region... China is already the biggest market for electric vehicles, or any vehicles for that matter, and Tesla profited from the demand by tripling its sales to over $1 billion in the country in 2016. Tesla continues to have strong sales in the country this year, where it leads foreign electric car sales with no close second.
Electrek reports: There have been several false alarms over the past few years about Tesla building a factory in China. Earlier this year, Tesla finally confirmed working with the Shanghai government to establish a manufacturing facility in the region and promised an announcement by the end of the year. Now the Wall Street Journal reports that they have come to an agreement with the local authorities on a "wholly owned" factory in the region... China is already the biggest market for electric vehicles, or any vehicles for that matter, and Tesla profited from the demand by tripling its sales to over $1 billion in the country in 2016. Tesla continues to have strong sales in the country this year, where it leads foreign electric car sales with no close second.
Way to NOT go Musk! Take US taxpayers' money and run away!
Move it to Mexico ASAP.
What is not clear is if InsureMyTesla will make rates equal for all drivers always, regardless of the accidents they get into as individuals. They all have the same flaws since they all use the same software, and therefore have the same risk. Therefore all owners should pay on a collective basis.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
Why do you have to pay insurance for their self driving? If Tesla trusted its self driving feature, it would indemnify the owners in the event of an accident. The fact you have to buy coverage hits on the fact it is an alpha release of âoeself driving.â
Expect a multitude of EV clones in China appearing that look strangely similar to Teslas.
The Chinese market may be massive, but that market is only available to Chinese citizens for the long term. It will be known in history as the great IP theft of the west.
>insurance industry is bound for disruption as cars get safer
As self driving tech becomes mature liability shifts to the manufacturer, not the owner as the owner no longer operates the car. Another part of why there's an all-or-nothing factor to autonomous cars.
Electro faggot mobiles would not be possible if it wasn't for a bailout loan to Elon from Barry Obama. This is collectivism at work folks not free market economics.
What a wonderful idea. So you can get insurance from the company that has, essentially, unlimited spyware in your car. So they can charge you for your "risk" based on how hard you brake, how hard you accelerate, how hard you corner, how fast you drive, where you like to drive, what times you drive, and so much more, and all regardless of the ACTUAL outcomes or how actually safe you are.
Pass
The Chinese gigafactory is for the Chinese market (the largest EV market in the world). The US gigafactory is for the US and European markets (although the EU will likely get its own gigafactory eventually).
Hey Rei! Does being a publicist for Elon pay well? You're good! Always here to defend Musk and parrot his excuses. I read about people like you who astro-turf posting sites for their clients.
If you're not being paid, Man! You are one sorry-ass fanboy!
Whatever, when the reality sinks in that billions and billions of stockholder have been lost for over 13 years by Musk with lame excuse of "we're ramping up!', sinks in, the day will come.
When the other car makers crush Tesla into dust - they can whip off a million cars a month of better quality than Tesla without any problem - the stockholders will see the truth.
IF Musk makes his 500,000 cars per year we'll see if he can actually sell them - funny, the model S does only 70-80K per year - that SUCKS!
One day, reality will set in. Oh, and all those bonds and all the bank debt WILL have to be serviced.
Tesla CAN succeed - Musk needs to be removed for incompetence and replaced with me - a nobody - because _I_ know how to build things. I'm not some dipshit software guy - like Musk is.
if u have a tesla you are being spied on period
someone even bad mouthed musk and he bricked their car remotely
Will ground be broke before or after the Tesla bankruptcy?
Now we know Elon Musk is against us. Everything he does is pure tech LARPing except, oh my goodness, a plant in China! That will bring America back for sure!
so maybe they'll just barely scrape by. But please, by all means, short TSLA. Thanks for the free money.
Chinese company produces exact Tesla clone.
If you manufacture in China, they WILL steal your design. I've had two companies I worked for have this happen, with Chinese engineers ( after a little booze) let on that the back room we weren't allowed to see was them breaking down our machines to make copies.
repairs the parts and sells them to the insurance companies directly. because tesla cant get parts or their shit together. hahaha sell yours soon!!
But we both know that you don't really *believe* that Tesla is going to fail, you just really, really want them to.
because I'm going to wait a couple years and then stalk you through every thread, and replay those words back to you. Congratulations on learning nothing from: "No wifi, less space than a Nomad, Lame".
Until then, here's some Econ 101:
1. There's a big difference between not turning a profit because noone wants to buy your crap and not turning a profit because you can't manufacture products fast enough to keep up with demand and every $ of revenue is reinvested into expanding capacity.
2. You can't make a product fail by hating the company's CEO.