Elon Musk has been rocking the boat in the insurance industry as of late after confirming in a Q1 earnings call that Tesla planned to launch its own insurance product, later announcing that the automotive company would partner with State National Insurance Company, a subsidiary of insurance titan Markel Corporation, which will serve as a fronting company for the program.
The move makes some sense, considering that insurance for Teslas can run up quite the bill, though there are other benefits for the company in getting into the space.
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