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Even Tesla's Insurance Arm Is Getting Wrecked

Tesla set out to make its cars more affordable to insure by creating its own insurance product. It's consistently posting a higher-than-average claim loss.

Tesla's insurance arm is taking a beating by paying out more than it earns from premiums, according to data from S&P Global. Tesla's data claims that its Full Self-Driving software has fewer accidents than a human driver. Plus, its cars are rolling computers that can collect copious amounts of data on its drivers and adjust risk based on their driving.

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