LikeFolio Weekly Roundup: Tesla Owners Just Got a 30% Break

Tesla's (TSLA) latest self-driving milestone comes from an insurance company.

Lemonade just expanded its program to older Teslas, offering drivers 30% off eligible miles driven with Full Self-Driving engaged. It's a real financial incentive to use the technology.

Meanwhile, Amazon (AMZN) unveiled new tablets that let Alexa help you shop for products you spot in other apps.

And Google (GOOGL) is taking AI deeper into the workplace – introducing Gemini agents that can handle entire projects, including AI coworkers with their own email addresses.

We're seeing AI move into more parts of everyday life, with real benefits for the people using it.

This week, we're looking at what these developments mean for our three Infinite Holds.

Infinite Hold Updates

Tesla (TSLA): Older Teslas Just Got a New FSD Perk

Tesla owners with older vehicles just got another reason to use Full Self-Driving (FSD).

This week, Lemonade (LMND) expanded its Autonomous Car insurance program to include Teslas running older HW3 hardware and the new FSD v14 Lite software.

Drivers in Arizona, Colorado, and Tennessee can now save 30% on miles driven with FSD (Supervised) engaged. Owners with newer HW4 hardware and FSD v14.2 or later continue to qualify for 50% savings on those miles.

That's a nice perk for Tesla owners who don't want to buy a new car.

But the insurance discount itself is what has us excited.

For decades, auto insurers have relied on factors like age, driving history, and ZIP code to estimate risk.

Lemonade is taking a different approach.

With the owner's permission, it uses Tesla's driving data to tell when FSD is engaged and when a human is driving. It then charges different rates for those miles.

Insurance companies make money by accurately measuring risk. And Lemonade is willing to charge substantially less when Tesla's software is doing the driving.

That's a powerful vote of confidence in Tesla's technology.

Tesla's own safety data backs up the case. Its FSD system averages roughly 5.1 million miles between major collisions, compared with about 702,000 miles for the national average, according to the figures we've previously examined.

And now Tesla is bringing newer FSD capabilities to owners of older vehicles.

We love this part of Tesla's business. A software update can make a car you bought years ago more capable – and now potentially cheaper to insure.

Lower insurance costs also make Tesla ownership more attractive to new buyers.

And there's an even bigger opportunity down the road.

As Tesla builds toward a robotaxi business, insurance will become a major operating expense. The ability to price that insurance based on actual software performance could give Tesla a meaningful cost advantage as its fleet grows.

For now, the new discount covers three states, with more planned. FSD still requires active driver supervision.

We believe cheaper insurance tied to improving self-driving software strengthens the long-term case for both companies.

Amazon (AMZN): Alexa+ Moves Closer to the Checkout

You're watching a TikTok video and spot something you'd like to buy. Instead of opening another app to search for it, you ask Alexa to find it on Amazon.

That's one of the new features Amazon unveiled this week with its Alexa Tablets.

The company introduced three models, starting at $229.99, with shipments beginning October 14.

All three come with Alexa+ built in and full access to the Google Play Store – including popular apps like YouTube and Netflix, alongside Amazon's own Prime Video and Kindle.

But we're most interested in what Alexa+ can do while you're using those apps.

With your permission, Alexa can see what's on your screen and help you act on it.

Browsing hiking trails? Alexa can compare them and help you pick one. Looking at a sports schedule? It can add the games to your calendar.

And if you spot a product you like in a TikTok video, Alexa can help you find it on Amazon.

Think about how many purchases start with someone spotting a product on social media.

Amazon wants to make it easier to turn that interest into a sale.

And it already has a huge advantage. Millions of customers trust Amazon to handle their purchases, and its delivery network can get many orders to their doors within a day.

Now Amazon is putting an AI shopping assistant inside the apps where people discover new products.

Even a small change in shopping habits could add up to meaningful sales for a company of Amazon's size.

We'll be watching how consumers respond when these tablets arrive next week. If Alexa+ makes finding products easier, people could start using it to shop more often.

Google (GOOGL): Meet Your New AI Coworker

Google's newest AI coworker can have its own company email address.

And it can keep working long after you've closed your laptop.

At its Gemini at Work event Thursday, Google (GOOGL) unveiled a major upgrade to Gemini – its AI assistant – that lets businesses hand off entire projects.

Say your boss needs a presentation on a new market. You can ask Gemini to research the trends, build a financial model in Google Sheets, and turn the findings into slides.

It can work across Gmail, Docs, and other business apps without you having to guide it through every step.

And it remembers what you've worked on before, so you don't have to keep explaining the same project.

Google is taking this further with AI "coworkers." Businesses can give these agents their own email addresses and calendars, then add them to team chats or assign them ongoing projects.

An employee could tag an AI coworker in a Google Doc, ask it to make changes, and come back later to find the work finished.

For businesses already using Google's software, that's an attractive proposition.

And the early results are impressive.

At Brazilian bank Bradesco, Gemini has helped cut document reviews from an hour to just five minutes.

Japanese insurer SOMPO has built more than 10,000 custom AI agents for its 34,000 employees. Its engineering team cut the time needed to develop new models from a week to a single day.

Google says nearly 90% of Fortune 100 companies now use Gemini Enterprise, while nearly 80% of Google Cloud customers use its AI products.

There's another interesting detail in this week's announcement.

Gemini can choose which AI model to use for a given task – including Google's own models or Anthropic's Claude. That allows businesses to use cheaper models for simple jobs and more powerful ones when needed.

The potential savings are a strong selling point for companies looking to expand their use of AI.

And for Google, more businesses putting Gemini to work means more demand for its cloud services.