Last week, we covered how Elon Musk has set his sights on dominating the rideshare industry with his army of robot-powered cars. Well, now his flagship company aims to disrupt the insurance industry as well. Musk said during a Tesla earnings call recently that the company plans to create its own insurance product and launch it within a month.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
