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Lemonade Introduces Autonomous Vehicle Insurance and Lowers Tesla FSD Rates
Yahoo Finance· 2026-01-24 11:06
Tesla, Inc. (NASDAQ:TSLA) is among the 7 Best Lithium and Battery Stocks to Buy Right Now. Lemonade Introduces Autonomous Vehicle Insurance and Lowers Tesla FSD Rates On January 21, 2026, TheFly reported that Lemonade introduced Lemonade Autonomous Car insurance for self-driving cars, debuting with Tesla, Inc. (NASDAQ:TSLA) Full Self-Driving (FSD). The new product reduces per-mile rates by about 50% when FSD is activated. Lemonade will have access to vehicle data to improve usage-based risk models, diffe ...
Strength Seen in Lemonade (LMND): Can Its 13.1% Jump Turn into More Strength?
ZACKS· 2026-01-23 13:55
Company Overview - Lemonade (LMND) shares increased by 13.1% to $96.57 in the last trading session, with a higher-than-average trading volume, compared to a 7% gain over the past four weeks [1][2] New Business Launch - The share price surge is attributed to the launch of Lemonade's new Autonomous Car insurance business in collaboration with Tesla, offering drivers using Full Self-Driving (FSD) a 50% lower per-mile rate [2] Strategic Partnership - The partnership with Tesla is expected to enhance profitability by leveraging lower accident rates and gaining access to Tesla's extensive customer base, which could lead to improved financial performance over time [3] Financial Expectations - Lemonade is projected to report a quarterly loss of $0.41 per share, reflecting a year-over-year increase of 2.4%, with expected revenues of $216.67 million, marking a 45.6% increase from the previous year [3] Earnings Estimate Trends - The consensus EPS estimate for Lemonade has remained stable over the past 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] Industry Context - Lemonade is categorized under the Zacks Insurance - Multi line industry, which includes other companies like International General Insurance Holdings Ltd. (IGIC), which saw a 2.2% increase in its last trading session [6]
Why Lemonade Stock Is Skyrocketing Higher This Week
Yahoo Finance· 2026-01-22 18:49
Key Points Earlier this week, the company launched its new Lemonade Autonomous Car insurance business. The company will collaborate with Tesla, giving drivers using FSD a 50% lower per-mile rate. This partnership fits perfectly into Lemonade's AI-powered insurance operations and gives it a head start in a potentially massive niche. 10 stocks we like better than Lemonade › Shares of AI-powered insurer Lemonade (NYSE: LMND) are up 23% this week as of 1 p.m. ET on Thursday following news of a first ...