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Tesla Hate Is Making Insurance More Expensive for Owners

gizmodo.com

61–70 of 229 posts

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#61
post #18

Might effect new buyers decisions I guess, but since about 99% of Tesla's were sold to green, left-leaning buyers, before the Elon hate-fest, I am not sure how targeting that group of people for your hatred is helping any "cause".

Nah. Insurance is based on the numbers, and Tesla is a shitty company to have financial liability to fix. There’s no parts, few shops, and lots of stuff to get stuck with. A friend had a rental for 4 months when the panoramic sunroof cracked on his Tesla. The vandalism isn’t computed in yet, and will immediately resulted in dropped coverage. If the Feds label it as terrorism, insurance generally excludes riot and ter…

> insurance generally excludes riot and terrorism from coverage anyway.

https://en.wikipedia.org/wiki/Terrorism_Risk_Insurance_Act

TRIA insurance against terrorism is required by law to be offered as a rider. It's actually shockingly affordable, because the law shifts the ultimate financial burden for any events between $200 million to $100 billion onto the federal government. So insurers have a reasonable cap on their expenses and don't need to rely on traditional re-insurers for black swan events.

Most people decline this rider anyways, no matter how cheap it is - and therefore most people are not covered for terrorism related damages.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#62

The Tesla, last I read about and test drove one, is a great car. Why tear at a company that makes a great car over anyone's political preferences? The phrase "shooting oneself in the foot" comes to mind. It makes no sense whatsoever.

> over anyone's political preferences

I think this phrasing mellows the reality that he has, regardless of intent, displayed Nazi-like behavior. Why not tear at a company whose absentee CEO acts this way? Tesla is not the only great car or the only great car company. Let it thrive or die based on myriad factors, including leadership optics.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#64

The Tesla, last I read about and test drove one, is a great car. Why tear at a company that makes a great car over anyone's political preferences? The phrase "shooting oneself in the foot" comes to mind. It makes no sense whatsoever.

Because some of us don't want our money to go to Nazism. That's not crazy, it's basic ethical behavior.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#65
post #42
post #30

Earlier quoted context omitted.

The whole point is new buyers.. People are protesting Musk. Something like 75% of Musk's current wealth comes from Tesla stock. Tesla stock is going down.. so it is helping the cause

If you look at places like Reddit where the organizing is happening, they don't differentiate between left-leaning buyers of years past, and in fact call them out for being complicit by not selling their (paid for?) car. It's scorched earth and is not limited to new buyers.

Reddit might not be representative of the larger shift. I am sure there is plenty of hatred, and even violence that makes the news, and that stuff is bad, but I mostly see people politely nudging those they know that own Teslas to sell them.

Which makes sense. The company sold to left-leaning, environmentally conscious buyers, and the CEO has now rebranded Tesla to basically the worst thing for that demographic. Sales are down, resale values are dropping, and insurance rates are rising. And there is no real opportunity on the horizon to save the company and/or the brand (robotaxis without LiDAR..?)

Maybe it looks like scorched earth on reddit, but in reality it's just a lot of people realizing the brand has self-destructed.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#66
post #18

Might effect new buyers decisions I guess, but since about 99% of Tesla's were sold to green, left-leaning buyers, before the Elon hate-fest, I am not sure how targeting that group of people for your hatred is helping any "cause".

[flagged]

[flagged]

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#67
post #18

Might effect new buyers decisions I guess, but since about 99% of Tesla's were sold to green, left-leaning buyers, before the Elon hate-fest, I am not sure how targeting that group of people for your hatred is helping any "cause".

Today I saw a diesel truck roll coal on anti-tesla protestors. We've gone full circle.

I'm curious if that's plausibly an act of criminal assault.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#68
post #41
post #18

Might effect new buyers decisions I guess, but since about 99% of Tesla's were sold to green, left-leaning buyers, before the Elon hate-fest, I am not sure how targeting that group of people for your hatred is helping any "cause".

[flagged]

The hints were there for a long time (like pedo-guy), but there were mixed messages. In 2017 Musk resigned in protest from a Trump advisory committee when Trump dropped out of the Paris agreement. That's the Musk I bought our Tesla from.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#69

[flagged]

Vandalism is not violence and property destruction is generally not considered terrorism under existing laws. If the "vandalism" resulted in widespread destruction of infrastructure or disrupted essential services, then it sometimes falls under legal definitions of terrorism.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#70

Earlier quoted context omitted.

Also the stock was effectively a meme stock. So now the jig is up, the stock deflates like no other.

That's the funny thing here. In case of Musk, if those protests work and as you say 'the jig is up', he can go from the richest man on earth to bankrupt in a space of months. He is very 'cash poor' and has pledged a lot of Tesla shares as collateral to fund his other businesses. If Tesla is priced as an automaker (shares would be in the ±10-20$), Musk will be bankrupt.

> Musk will be bankrupt.

Then what? “We win” somehow? Nailed it?

Who cares?

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