An employee closes the front hood of a Tesla Inc. Model 3 electric vehicle at the company's showroom in Newport Beach, California. "The car insurance industry is incredibly inefficient," Tesla CEO Elon Musk told attendees of the All-In Summit in Miami. "You've got so many middle entities, from insurance agents all the way to the final reinsurer, there's like a half-dozen companies each taking a cut." (Credit: Patrick T. Fallon/Bloomberg)

(Bloomberg) — For more than six weeks now, the tech and finance industry has been riveted by Elon Musk's pursuit of Twitter.

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