Elon Musk is Personally Insuring Tesla's Board Members Due to 'Disproportionately High Premiums' Quoted by Insurance Companies (TSLA)
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- Tesla said Tuesday that CEO Elon Musk is insuring company directors, citing high premiums from insurance companies.
- The billionaire pledged 54% of his stake in Tesla to make the offering, up from 40% in 2018.
- No stranger to high insurance costs, Tesla last year launched an insurance offering for owners in California.