<ul><li>Tesla's insurance arm is experiencing significant losses due to paying out more than it earns from premiums, with a loss ratio of 103.3 in 2024, much higher than the industry average of 66.1.</li><li>Despite efforts to lower insurance rates by leveraging data from its Full Self-Driving software and advanced vehicle technology, Tesla is struggling to break even in its insurance business.</li><li>Customers have expressed dissatisfaction with Tesla's insurance services, citing issues such as long repair times, poor communication, and frustrating claim processes.</li><li>As Tesla's insurance rates continue to rise and repair costs remain high, the future of Tesla's insurance arm faces challenges in maintaining profitability.</li></ul>

Even Tesla's Insurance Arm Is Getting Wrecked Right Now

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