Regulators raised concerns under Section 2324 of New York Insurance Law before reviewing the filing's actuarial merits, according to an analysis from S&P Global Market Intelligence.
New York produced no direct written premium during the period despite Tesla Insurance Co. being licensed in the state, according to S&P.
Tesla pushes deeper into insurance Tesla launched its insurance business with a model that incorporates driving data collected from Tesla vehicles.
Tesla-affiliated insurers wrote 75.9% of Tesla's insurance business directly in 2025, compared with 32.6% in 2024.
Tesla says Safety Score evaluates driving behavior using information collected from Tesla vehicles and estimates the likelihood of a future collision.