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Lemonade Shares Surge on Tesla Full-Self Driving Insurance Deal

The insurer announced coverage for Tesla vehicles equipped with full-self driving technology, triggering a sharp rise in its stock price.

Summary

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Terms & Concepts
  • Full-Self Driving: An advanced driver-assistance system by Tesla designed to enable autonomous vehicle operation under certain conditions.
  • Insurance Coverage: A contractual agreement providing financial protection against specified risks or damages.