Autonomous Driving Is Here To Stay

Good morning folks, happy Friday Jr.!

Yesterday we received confirmation that autonomous driving is here to stay. 

Lemonade introduced its Autonomous Car Insurance starting with Tesla vehicles, offering a 50% discount on pay-per-mile rates for Full-Self Driving (FSD). 

This isn’t marketing fluff…

Why Does This Matter?

An insurance provider would not underwrite the risk of autonomous driving unless it was confident that the technology is superior to human drivers. 

Lemonade is certifying the safety of autonomous miles with real risk pricing. By reducing rates for miles under Tesla’s FSD software, Lemonade is effectively saying its data shows fewer claims, fewer accidents, and lower risk when autonomy is engaged. 

In other words: the market is already pricing autonomy as safer than human drivers. 

📺 Godspeed Today

In case you missed it — yesterday after the close I went LIVE to discuss Lemonade’s offering, the messy market, and highlighted a few notable earnings reactions. Tune in here!

Disclosure: This is not financial advice.