Vandalism raises insurance costs for Tesla owners

Vandalism against Elon Musk and Tesla is growing, and it might soon hit the wallets of Tesla owners. Insurers are warning that rates could rise due to the increasing damage done to Tesla vehicles. Incidents of vandalism include arson at Tesla dealerships and physical attacks on Tesla cars during public events. People are so worried about their vehicles that some are trying to disguise them. The anti-Musk sentiment has made the brand less appealing and more vulnerable. Insurance experts say if this trend continues, Tesla drivers might face higher insurance premiums. Tesla cars are already among the most expensive to insure. The increased risk of vandalism could lead to even higher rates for comprehensive coverage. Market analysts compare the situation to a previous crime trend where certain car brands were heavily targeted, causing some insurers to refuse coverage. As anti-Musk feelings persist, Tesla owners may need to prepare for rising costs or consider selling their cars.