GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”
I can't imagine they think it's going to change the policy, there's "only" a few thousand of these deathtraps on the road thankfully. It's hardly even worth doing but apparently things are really that bad. Or Berkshire Hathaway/some execs are shorting Tesla. Who knows.
I can't imagine they think it's going to change the policy, there's "only" a few thousand of these deathtraps on the road thankfully. It's hardly even worth doing but apparently things are really that bad. Or Berkshire Hathaway/some execs are shorting Tesla. Who knows.