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Insurance companies? You realize insurance isn't free right?
I mean Tesla. Just imagine, you have a lot of unsold cars and no hope that people will rush to buy them. If you lower the price, you will admit to shareholders that it's not going well and maybe your company is not worth more than the next eight biggest car manufacturers combined... So you can't lower the price, at least not enough to sell all those cars, they all take space, need some maintenance, slowly rust and lose value... Or they can just burn, and you can claim that it was all because of those far left terr... Right, someone mentioned that insurance doesn't cover terrorism, so it's all because of those damn leftist hooligans. You would probably sold all of them, but they were destroyed. Pinky promise.
And the quarterly policy renewal goes up... a lot.
I mean sure, he could run uninsured... but then he eats the loss now.
I don't know what insurance rules look like when you are a billion dollar business, but I would assume they have a much better negotiating position.
I'm not saying that the renewal cost won't go up, but I assume it won't go up as fast and as steep as it would for us poor people.
You get better insurance rates as a large business because you have more collateral and have a larger contract. If it gets the insurance company more net money to give you a lower rate per item insured, they want that extra bit of income. Rather, the person signing the deal wants that extra bit of commission on a large contract.
If what you're insuring costs more than the contract value, they'll 100% hike rates to make up for it.
They're in the business of betting that they'll make a lot of profit while you bet they'll only make a little profit. It doesn't matter how much money you have, they'll always arrange the numbers so that their worst case scenario is minimal profit.
There's no amount of money you can pay someone to lose money on a deal.
They do, but it's not infinite lmao, insurance companies will either charge out the ass, or drop them regardless.
I work at a very large company and you'd be surprised how many of the inconsequential or seemingly silly decisions made are rooted in insurance coverage.
So you think the story "we can't sell cars because half burn in the dealer and the other half won't be touch by people in fear" is actually going to go well with shareholders?
Your car insurance doesn't cover terrorism but I'd be surprised if a car dealership or Tesla have that same clause. You are very unlikely to be the victim of a terrorist but because Tesla is a big company their insurance provider probably covers intentional damages by a third-party.