You read that right.
The guy who founded Tesla—Elon Musk himself—allegedly doesn’t
insure his own car. And not just any car... we’re talkin’ about a Tesla
Model X, worth over $100,000.
So what gives? Is he
reckless? Overconfident? Or is there a money move behind it that the rest of us
can learn from?
Let’s unpack the myth,
the models, and the message for artists and lyricists trying to protect
their own assets—even if they don’t roll in a Model X... yet.
What’s the Story With Musk’s Uninsured Model X?
During a talk a few
years back, Musk reportedly mentioned that he doesn’t insure his own Tesla. He
joked that if he crashed, “the company would probably just give him another
one.” Some saw it as bravado, others as a window into the billionaire
mindset.
While the details are
not officially confirmed, the logic is worth exploring. Why would one of the
richest men in the world skip insurance—something the average person needs
just to drive?
A Quick Look at the Tesla Model X
Before we get deeper,
here’s what he’s allegedly not insuring:
- Model X Plaid
- 0–60 mph in 2.5 sec
- Price tag: ~$108,000
- Full self-driving capable
- Falcon-wing doors
- Nearly 350-mile range
Repair costs?
Astronomical. One small accident could mean $25K–$50K in parts and
labor.
Now imagine not
having insurance on that. Bold move—or brilliant?
Why Musk Might Skip Insurance
1. Self-Insurance for the Rich
We all pay premiums
every month to cover rare but costly events. Elon? He can afford to cover any
damage out of pocket. That’s called self-insuring.
So instead of:
- Paying $8,000+ annually on luxury car
insurance
- Filing claims
- Dealing with rate hikes
He just eats the
cost if something happens.
2. Insider Access
Let’s not forget—he
owns the company. If his car’s totaled, he doesn’t go through an insurer—he
just has it replaced or fixed at cost, maybe even by his own team.
What This Means for Creators & Lyricists
You might not be
riding in a Model X (yet), but the same principle applies to your
intellectual property.
Think of your lyrics
like Musk’s Tesla:
- They’re valuable
- They take time and creativity to build
- They can be damaged, stolen, or misused
If you don’t have lyric
insurance, a stolen verse or an unpaid sync deal could wreck your earnings.
👉 Check out: Lyric Insurance Mistakes That CouldCost You Thousands
Regular People Need Protection
Unlike Musk, you can't
afford to replace your “vehicle” (whether it’s a car or your lyric catalog)
every time it takes a hit.
Car Insurance? Non-Negotiable.
Most states in the
U.S. legally require auto insurance. Failing to comply can result in:
- Fines
- License suspension
- Jail time (yup)
And even with Tesla’s
own insurance option, coverage varies by state and may not include everything.
Creative Asset Insurance? Underrated.
Protecting your:
- Lyric sheets
- Original songs
- Recording sessions
- Royalties and copyrights
…is just as important.
And yes, you can get insurance for that.
What If Elon’s Car Was Used in a Crime?
It’s one thing to skip
insurance for a fender-bender. But what if the Model X is involved in:
- An accident with injuries
- Vandalism or theft
- Legal liability from a third party
If uninsured, Elon
would personally be on the hook. But again—he can afford top lawyers,
settlement fees, and repairs without blinking.
Can you?
The Bigger Takeaway: Musk’s Risk Philosophy
Musk’s alleged
“no-insurance” habit isn’t about being careless. It’s about calculated risk:
- He saves money long-term
- Has internal resources
- Accepts responsibility instead of
outsourcing risk
This applies directly
to how lyricists manage their careers. Are you:
- Outsourcing protection to chance?
- Leaving your royalties vulnerable?
- Not reading contracts before signing?
Time to level up.
👉 Start here: Should You License or Sell YourLyrics? The Financial Breakdown
Elon Musk allegedly doesn’t insure his own Tesla Model X. Whether that’s reckless or genius depends on your lens—but one thing’s clear: he can afford to take risks that most creatives can't.
If your lyrics, music,
or car is critical to your future income, don’t leave it exposed. You’re not
Musk—but you can protect your assets like a pro.
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