In 2019, Tesla Insurance made its debut in California before expanding to a total of eight US states. CFO Zachary Kirkhorn said during the Q4 2021 earnings call that the firm aims to significantly develop Tesla Insurance and have it in enough markets so that 80% of US owners will be able to buy the product by the end of the year.
Despite the anticipated growth and the near-constant bombardment of inquiries from Canadian Tesla supporters on Twitter, neither Musk nor Tesla has provided an ETA for the release of the insurance service with pricing based on actual driving behavior. Musk finally addressed the topic of Tesla Insurance’s availability in Canada in an interview published last night by Johnna Crider. We are growing as soon as possible.
We expect to eventually be everywhere,” Musk said, adding that we have plans for all 50 states as well as Canada.Even if the remarks aren’t very insightful, they provide something.
When these goals will be reached is not specified by Musk, but according to Kirkhorn, the corporation plans to target European nations in 2023, or perhaps late 2022 if the US expansion goes well. Maryland and Florida seem to be the following states to get Tesla Insurance. Nevada was the most recent state to be included, and it started selling Tesla Insurance earlier this month.