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Ajit Jain, who heads Berkshire's insurance business, said Tesla's autonomous driving system helps steer and brake, making driving safer and reducing accidents, but repair and maintenance costs are soaring.

"Tesla believes that the fact that the number of accidents has dropped due to their technology is certainly provable, butchancesofwinningpowerballI think what needs to be considered is that repair costs are soaring for every accident." Jayne said.

Tesla has been considering underwriting auto insurance directly or indirectly, but has not had much success. Jayne saidchancesofwinningpowerball:"Automation just shifts a lot of costs from operators to equipment suppliers.

"Insurance always seems easier than it is. It's interesting because you get the money in the first place, and then you find yourself doing something stupid, but when someone hands you money and you hand them a little note, it's a very tempting business."