Lemonade Will Insure Tesla’s Self-Driving Cars. Does That Make LMND a Robotaxi Stock to Buy?

Lemonade (LMND) is in the news after announcing the development of a new insurance policy for self-driving cars, beginning with the Full Self-Driving (FSD) system offered in Tesla (TSLA) vehicles. The news was met with an immediate reaction in the stock market. LMND stock saw an uptick in shares — up 9% on Jan. 21 and 13% on Jan. 22 — as did Tesla stock. The most prominent part of the announcement was impossible to overlook: Lemonade is promising to decrease its per-mile rates by about 50% with FSD enabl ...