thematicthequizshow: Buffett's 2024 shareholders 'meeting hits heavily
Ajit Jain, who heads Berkshire's insurance business, said Tesla's autonomous driving system helps steer and brake, making driving safer and reducing accidents, but repair and maintenance costs are soaring.
"Tesla believes that the fact that the number of accidents has dropped due to their technology is certainly demonstrable, but I think what needs to be considered is that the cost of maintenance for every accident is soaring." Jayne said.
Tesla has been considering underwriting auto insurance directly or indirectly, but has not had much success. Jayne saidthequizshow:"Automation just shifts a lot of costs from operators to equipment suppliers.
"Insurance always seems easier than it is. It's interesting becausethequizshowYou get the money in the first place, and then you find yourself doing something stupid, but when someone hands you money and you hand them a little note, it's a very tempting business."