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Finance Insurance

Tesla launched its own car insurance. These drivers say it's a lemon.

Tesla crash
Mark Bova bought insurance from Tesla along with a car. After an accident 16 days later, he waited seven months for payment on his totaled car, he said, and still hasn’t been compensated for about $50,000 in medical expenses.   (REUTERS)
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By:
STEVE STECKLOW, KOH GUI QING, NORIHIKO SHIROUZU
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By:
Reuters
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November 21, 2023 01:16 PM

In February, Mark Bova purchased a used 2018 Tesla Model S. Before leaving the dealership, he bought insurance from Tesla Inc., finding the initial $93 monthly premium “really reasonable.”

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