Morgan Stanley analyst Bob Huang says the Tesla (TSLA)/Lemonade (LMND) partnership underscores more opportunities in auto insurance, as higher repair costs, unclear liability, and disrupted risk segmentation should support premiums and product innovation over time. In the firm’s view, Lemonade’s AV insurance product validates autonomous driving progress. Morgan Stanley Tesla/Lemonade deal will chart a path for auto insurance future, not destroy it.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMND:
- Lemonade’s FSD discount a validation of Tesla technology, says Morgan Stanley
- Lemonade Stock Jumps after the Insurer Offers Tesla FSD Users a Huge Discount
- Lemonade launches autonomous car insurance, cuts rates for Tesla FSD
- Lemonade price target raised to $85 from $80 at Citizens
- Lemonade price target raised to $92 from $85 at Cantor Fitzgerald