According to Morgan Stanley’s Adam Jonas anyway.
Seeing as Tesla insurance is only available in California and Tesla is merely acting as a broker of State National Insurance Corporation that is a massive valuation.
"So back to Jonas’s Tesla Insurance valuation. Take Tesla’s shares outstanding -- 990,015,158 -- and multiply those by $30, and what do you get? $29.7bn."
Jamie Powell Financial Times Aug 24th 2021
The bullish forecasts on embedded insurance and Elon Musk's long-term vision of autonomous vehicles, auto design, repair networks, and underwriting/insurance served by the best data and algorithms in the business, a global vehicle parc of Tesla owned/leased vehicles one day being upgraded to robotaxi fleets the valuation may not unwarranted.
What do you think?
Link to full FT article below.
Further Reading
Innovation- Scenarios Management applied to auto insurance
Car manufacturers are challenging traditional auto insurers: Who will win the tech race?
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