Tesla’s new software may throw a wrench into the smoothly running businesses of traditional insurance companies. Elon Musk believes the era of Full Self Driving vehicles is nearing rapidly, which will in turn, flip the entire insurance industry on its head. Today company’s like Warren Buffett’s Berkshire Hathaway, which owns Geico, are immensely profitable. However with real time data on how a driver behaves as well as FSD software that will ultimately drive better than a human, insurance premiums could crash for traditional players as Tesla is poised to begin stealing their customers. #Tesla #elonmusk #insurance #warrenbuffett
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