Business
A Tesla Cybertruck display at a dealership.
(Photo: Jonathan Weiss / Shutterstock)

No, GEICO is not ending coverage of Cybertrucks

A viral story about insuring the Tesla vehicle isn’t true.

Jon Keegan

A viral story about GEICO no longer insuring Tesla Cybertrucks is not true, according to the company.

A story on an automotive website called Torque News featured the tale of X user @Blkturtle7M, who claimed that they received a letter from GEICO announcing the termination of their Cybertrucks insurance policy “because this type of vehicle doesn't meet our underwriting guidelines.”

Sherwood asked GEICO if they have stopped insuring Cybertrucks, and a spokesperson denied this. “GEICO has coverage available nationwide for the Tesla Cybertruck,” wrote the spokesperson in an email.

We reached out to @Blkturtle7M but did not hear back.

The original tweet appears to have been removed, but the story is still circulating widely online. Posts on X mentioning the false story have been viewed millions of times.

The Cybertruck can be expensive and difficult to insure, and the angular, steel-clad EV has definitely had its share of troubles, facing several recalls for various issues related to safety, such as trapped acceleration pedals, trunk trim detachment, and rearview camera issues. Some of these recalls are remedied by over-the-air software updates, while some required contacting Tesla to arrange for a service appointment.

There’s no shortage of social media schadenfreude piling on as clips of various Cybertruck mishaps as it has become one of the most polarizing vehicles in recent memory.

That polarization is partly fueled by Tesla CEO Elon Musk’s recent full-throated support for former president Donald Trump. He appeared at a rally for the GOP nominee this weekend in Butler, Pennsylvania at the site of the previous attempt on Trump’s life.

More Business

See all Business
Ford Announces Plans For New Electric-Vehicle Battery Plant

Ford’s leaving the door open for a Chinese automaker collaboration, says RBC

US lawmakers have raced to introduce legislation to lock in restrictions on cheaper Chinese vehicles and parts ahead of the Trump-Xi meeting in May.

Airlines Cut Flights As Concerns Grow Over Jet Fuel Prices And Shortages

The 6 biggest US airlines spent $1.2 billion more on fuel in Q1, and things are about to get worse

Carriers expect to pay about $4.26 per gallon for jet fuel in Q2, up from $2.80 in Q1.

what3words

What3words is a simple and genius idea with one of the worst business models of all time

What3words is crowdfunding for new shareholders... and seeking exits for current ones.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.