The insurance agency is a common way to sell a car for a high-end sedan.
But Tesla is selling a Tesla Insurance Agency for Sale in Australia, according to reports from the Wall Street Journal.
The company sold the insurance agency for $12.9 million in March 2018, the Wall St. Journal said.
Insurance companies tend to seek out high-tech and high-risk vehicles to sell in high-demand markets.
This is because the insurance industry can offer an extra level of protection by covering the loss of the car in the event of an accident.
TeslaInsuranceAustralia is the second new Tesla Insurer in Australia in less than a year.
In November, TeslaInsurance purchased the insurance company from the US-based carmaker’s parent company, Progressive Insurance.
There are now about 7,000 Tesla Insurers in Australia with about 12,000 active policy holders, according the Wall Streets Journal.