Imagine that Tesla is going to offer insurance for its vehicles. Please answer the four questions…

Imagine that Tesla is going to offer insurance for its vehicles. Please answer the four questions below in a sentence or two. BEFORE YOU WATCH THE VIDEO, COMPLETE QUESTIONS 1-3 (the video is in the module next to this assignment): 1. Identify one advantage Tesla currently has (based on its current product offerings) that would create a sustainable competitive advantage over other insurance companies. 2. For that advantage, explain how a moat might be formed. In other words, what could Tesla do to make sure other insurance companies cannot compete with them? 3. Can you predict what competitors might do in order to overcome that moat? In other words, what might existing insurance companies do in order to fight Tesla? 4. Watch the linked video, then identify one additional moat identified in the video. What moats for Telsa Insurance? Moat 1: Data – can be more accurate than competitors in pricing (actuary). Moat 2: Autopilot, Active Safety, Pricing Moat 3: Autonomy – Tesla will take responsibility for accidents – How will other insurance price risk? Moat 4: Pricing pressure – 30% lower in CA, will push prices down Moat 5: Fat Float – invest float into new projects Moat 6: Overhead, Margins, Vertical Integration – 9:14: As safety improvements go up, costs go down, saving cash Moat 7: Expansion into home insurance – lower cost for auto ins would drive down bundling pricing