Tesla can't find buyers for the current backlog of nearly 2,400, or $200 million worth of Cybertrucks, despite claiming over a million orders were received.
They do, but it’s not infinite lmao, insurance companies will either charge out the ass, or drop them regardless.
I work at a very large company and you’d be surprised how many of the inconsequential or seemingly silly decisions made are rooted in insurance coverage.
You get better insurance rates as a large business because you have more collateral and have a larger contract. If it gets the insurance company more net money to give you a lower rate per item insured, they want that extra bit of income. Rather, the person signing the deal wants that extra bit of commission on a large contract.
If what you’re insuring costs more than the contract value, they’ll 100% hike rates to make up for it.
They’re in the business of betting that they’ll make a lot of profit while you bet they’ll only make a little profit. It doesn’t matter how much money you have, they’ll always arrange the numbers so that their worst case scenario is minimal profit.
There’s no amount of money you can pay someone to lose money on a deal.
And the quarterly policy renewal goes up… a lot.
I mean sure, he could run uninsured… but then he eats the loss now.
I don’t know what insurance rules look like when you are a billion dollar business, but I would assume they have a much better negotiating position.
I’m not saying that the renewal cost won’t go up, but I assume it won’t go up as fast and as steep as it would for us poor people.
They do, but it’s not infinite lmao, insurance companies will either charge out the ass, or drop them regardless.
I work at a very large company and you’d be surprised how many of the inconsequential or seemingly silly decisions made are rooted in insurance coverage.
You get better insurance rates as a large business because you have more collateral and have a larger contract. If it gets the insurance company more net money to give you a lower rate per item insured, they want that extra bit of income. Rather, the person signing the deal wants that extra bit of commission on a large contract.
If what you’re insuring costs more than the contract value, they’ll 100% hike rates to make up for it.
They’re in the business of betting that they’ll make a lot of profit while you bet they’ll only make a little profit. It doesn’t matter how much money you have, they’ll always arrange the numbers so that their worst case scenario is minimal profit.
There’s no amount of money you can pay someone to lose money on a deal.