Tesla CEO Elon Musk recently said that the company (TSLA) could launch its insurance program in Texas earliest by October, according to a report by StreetInsider.com. The program could be launched in New York in 2022 and see an international launch in the long term. Musk said that the insurance rates will be based on customers’ actual driving history. Shares of Tesla closed 1.7% higher at $751.94 on Wednesday. In a tweet, Musk said, “The regulatory process for approval to offer insurance is extremely slow & complex, varying considerably by state.
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Tesla (NASDAQ:TSLA)
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