Submitted by Turbo25 on July 17, 2019
Elon has stated that a Model 3 will soon become an appreciating asset, the premise being that as the price of the FSD software increases, the value of the car increases. If that is true, how can the car be reliably insured? If I buy a Model 3 today with the FSD package ($6,000), I am paying ~$54,000. If the car is totaled 5 years from now when the car has presumably "appreciated" in value because new Model 3s now sell for significantly more $s, the insurance company is certainly not going to pay out for an appreciated asset. How can a Model 3 be replaced with an insurance payout? If they do pay for an appreciating asset, that would imply that the cost of insurance (and premiums) would increase significantly each year.