Tesla's insurance expansion is in full swing, with Tennessee set to be the next state to offer its in-house insurance program. This comes as a significant move after a three-year pause, indicating a renewed focus on customer offerings. The Tennessee filing reveals that Tesla's new insurance program will feature its FSD discount structure, incentivizing FSD use by lowering premiums based on usage. With Tesla underwriting its own insurance, it can actively create better offerings, calculating monthly premiums against miles driven on FSD and Safety Score. Drivers can earn up to a 10% discount on certain coverage portions if they drive more than 50% of their miles on FSD. This expansion roadmap includes 13 states, with potential future targets in Georgia and New Jersey. Additionally, Tesla's recent interview with Peter Diamandis unveiled exciting updates, including a massive new facility at Giga Texas dedicated to Optimus, Tesla's humanoid robot, and plans for the Roadster's futuristic capabilities, including hover-time capability. The Cybercab's aggressive autonomy timeline and the potential for Tesla vehicles to become part of its global AI infrastructure were also discussed. Furthermore, Tesla has improved its vehicle warranty in Australia and New Zealand, offering a 5-year, unlimited-mileage warranty, a significant improvement over the previous 4-year or 80,000 km cap, to catch up with competitors' offerings.
