The world's most extravagant man Elon Musk, CEO of Tesla, has hammered a new protection guarantee.

Musk said on Twitter on Friday: "Insane harms claims like this are a major piece of why vehicle protection is so expensive."

"It ought to be feasible to sue law offices for chasing after crazy harms claims," Musk said in a subsequent tweet.

GEICO faces a potential $5.2 million payout to the lady.

Initially looked for $1 million from GEICO over the perilous contact.

Elon Musk, whose $44 billion Twitter bargain has hit titles lately.

The CEO said in a 2020 profit call that he could ultimately see collision protection making up 30% to 40%.

The firm will hope to move its protection cover out across the US, Tesla CFO Zachary Kirkhorn has said.