Lemonade CEO Daniel Schreiber argues that two-thirds of U.S. drivers overpay because they unknowingly subsidize the highest-mileage third through flat-rate pricing models. The insurtech company, which prices Tesla FSD miles at roughly a 50% per-mile discount when autonomous mode is active, reported Q2 2026 revenue rose 79.4% year over year to $294.4 million, with a net loss of $43.4 million. Management targets its first positive adjusted EBITDA quarter in Q4 2026 and full-year positive adjusted EBITDA in 2027. Lemonade launched autonomous car coverage in Colorado and Indiana in Q2, adding Missouri in early September, and expects its car product to be available to the majority of U.S. drivers before the end of 2027. Active FSD subscriptions reached 1.48 million, and the company's in-force premium grew to $1.43 billion, up 32.4%.
Lemonade IncQ2 revenue up 79.4%, targets first profitable quarter in Q4 2026
Tesla IncLemonade prices Tesla FSD miles at a discount, potentially boosting Tesla's autonomous driving adoption
