Breaking News         Latest US News              New York News              Fx Tribune

Questions to Ask a Delivery Company Before Forging Partnerships
Tesla wants to integrate insurance and maintenance into the price of future cars, the company said in a call Wednesday.Tesla, revealed it has already started testing out the insurance-maintenance bundle with cars it has sold in Asia. Jon McNeill, the company’s...

Tesla News: Future Cars Could Include Insurance, Maintenance In Initial Price

Tesla wants to integrate insurance and maintenance into the price of future cars, the company said in a call Wednesday.Tesla, revealed it has already started testing out the insurance-maintenance bundle with cars it has sold in Asia. Jon McNeill, the company’s...

Tesla News: Future Cars Could Include Insurance, Maintenance In Initial Price

Tesla wants to integrate insurance and maintenance into the price of future cars, the company said in a call Wednesday.

Tesla, revealed it has already started testing out the insurance-maintenance bundle with cars it has sold in Asia. Jon McNeill, the company’s president of global sales and services made the revelations during Tesla’s fourth-quarter earnings call.

Tesla said it could offer the services by working with other insurance companies, and is also considering handling insurance in-house too.

“We’re actually currently doing that,” McNeill revealed in the call. “We’ve been doing it quietly, but in Asia in particular where we started this, now the majority of Tesla cars are sold with an insurance product that is customized to Tesla, that takes into account not only the Autopilot safety features but also the maintenance costs of the car. It’s our vision in the future that we’ll be able to offer a single price for the car, maintenance and insurance in a really compelling offering for the consumer. And we’re currently doing that today.”

Tesla CEO Elon Musk also weighed in on the insurance bundle.

“This is not to the exclusion of insurance providers,” Musk said, “but if we find that insurance providers are not matching the insurance proportionate to the risk of the car then if we need to we’ll insource it, but I think we’ll find that insurance partners do adjust rates proportionate to the risk of a Tesla.”

The company’s report on earnings for the fourth quarter of the fiscal year 2016 shows Tesla did not make a profit, but it did cut down on its losses.

Tesla had a loss of 69 cents a share, or $121.3 million, in the quarter ending Dec. 31. The figure is down from a $320.4 million loss in the same quarter last year.

The company also reported $522 million in capital expenditures in preparation for production of the upcoming Model 3 vehicle. Tesla is expected to start preparing for a full-scale commercial production of its Model 3 sedan this week, a previous report said.

Tesla also said it will deliver 47,000 to 50,000 Model S and Model X cars to consumers by the first half of this year, a growth of 61-71 percent compared to the production of the same cars in 2016. Last year, Tesla fell short of its goal of delivering 90,000 cars by offering only 76,300.

Our editors found this article on this site using Google and regenerated it for our readers.

Publish Date : 23 Şubat 2017 Perşembe 18:22

Breaking News Headlines

Why do adults take multivitamins?
Why do adults take multivitamins?
Challenges of Studying MBA online and Suggestions to Overcome Them
Challenges of Studying MBA online and Suggestions to Overcome Them
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Technology Advancements: How will Things Change?
Technology Advancements: How will Things Change?
Bad Science – Ensuring We Keep Things Simple
Bad Science – Ensuring We Keep Things Simple
A Meaningful Life: Just What You Need for Better Health
A Meaningful Life: Just What You Need for Better Health
What to Expect at the Canadian Citizenship Test and Tips to Prepare
What to Expect at the Canadian Citizenship Test and Tips to Prepare
Tipping in America- What Should You Know as a Traveler?
Tipping in America- What Should You Know as a Traveler?
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
There are two Spains in the employment
There are two Spains in the employment
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES