Today on Critical Materials: Automakers share data with insurance, Cybertruck deliveries prioritized to shareholders, and Volvo to cut charge times by 30%.
Remember when those tiny dongles that your insurance company offered to potentially lower your insurance rates came out? Insurers spun a wonderful tale: simply plug into your car's OBDII port and record telematics data, ship it back to the mothership, and then they could potentially lower your premium based on this data. It turned out that wasn't always the case, and some individuals quickly found out that their premiums jumped due to their driving behavior.
Those looking to take advantage of the offer must not only have owned 500 shares of Tesla stock at the end of February 2024, but they must have also owned at least 50% of those shares at the end of February 28th, 2021. Shareholders can't just reserve a truck today and jump the list, though. Tesla says that the Cybertruck reservation must have been made before March 1st, 2024 to qualify. On the last trading day of February 2021, Tesla shares were trading for $269.
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