According to foreign media reports, on Wednesday local time, Elon Musk, CEO of electric vehicle manufacturer Tesla, announced that the company would launch real-time insurance business in Texas in October and expand to New York in 2022 < p > < / P > < p > in August 2019, Tesla launched an internal insurance plan in California. Since the company's vehicles are mainly assembled through vertical integration, the insurance rate can be reduced by up to 30% compared with competitors. Subsequently, Tesla plans to expand its insurance business to other states, but it has proved to be a very challenging process due to regulatory obstacles. He wrote on twitter on Wednesday night: "the approval and supervision process of providing insurance is extremely slow and complex, and the situation varies greatly among states." < / P > < p > the carmaker said in 2019: "Because Tesla knows its vehicles best, Tesla's insurance business can take advantage of the advanced technology, safety and applicability of our vehicles to provide insurance for car owners at a lower cost." This price reflects the benefits of Tesla's active safety and advanced driver assistance functions, which have become the standard configuration of all new Tesla cars. However, industry analysts said that Tesla's insurance products are unlikely to subvert the insurance industry on a large scale. < / P > < p > nevertheless, musk gave when customers in Texas and New York can join Tesla The latest details of insurance. He said that Tesla may launch Tesla insurance business in Texas as soon as next month, and the customer rate will be based on the actual driving record. In addition, if everything goes according to the plan, the New York insurance plan will be launched in 2022. At the same time, Tesla also plans to promote the insurance business to the world, but it can't do it in the short term. < / P > < p > twitter user cyber Tru said that they had received an insurance offer of $500 per month for Tesla Model y. if this was the best offer they could get, the user said he might not keep the car. < / P > < p > musk recently mentioned Tesla's insurance business in April. At that time, he said that the service was ready to expand to several states in the United States in 2021. However, the insurance business this year It has not been officially launched anywhere, and several states are considering launching the project soon. It is reported that Texas, Illinois, Florida and Washington are the first places in the United States to launch insurance plans. < / P > < p > Tesla applied to start providing insurance in Texas earlier this year. According to the documents submitted to the Texas insurance department, Tesla will establish a joint venture with redpoint County Mutual Insurance in the state. As musk said, insurance regulations vary from state to state because liability laws are rarely the same in different regions. However, Tesla's efforts seem to be making progress because some states will be added to the list of eligible regions where the company may provide insurance plans. < / P > < p > Tesla's insurance business is in Some states can save up to 30% of the rates for car owners. Traditional insurance companies cannot provide Tesla cars with the most competitive rates because most entities do not fully understand how these vehicles work. Tesla has a full understanding of its cars, including software, which will not only reduce costs when processing claims, but also give consumers the opportunity to obtain larger insurance coverage Insurance companies have much lower rates. < / P > < p > Tesla's code shows that the insurance rate will be adjusted according to the time, speed, daily mileage and other statistics of using the driver assisted driving function. Musk also said on twitter that Tesla is expected to launch this product worldwide in the long run. (small) < / P > < p >