The rumors began flying on Saturday. A publish on Twitter/X, shortly reposted on Reddit, noticed one driver claiming Geico had informed him that “they will not insure Cybertruck” posting a letter that appeared to again up the declare saying the coverage was being canceled “as a result of this kind of car doesn’t meet our underwriting pointers.”
That publish, predictably, set off a wave of debate, howls of protest and loads of schadenfreude. Nevertheless, it seems to be nothing greater than a profitable social media troll.
Geico declined to deal with the posts instantly, however informed Fortune it “has protection obtainable nationwide for the Tesla Cybertruck.”
The account that originally posted the declare has eliminated the publish (or blocked it from public view). That account has simply 40 followers, making it unlikely the publish was discovered organically on Twitter/X.
As with so many issues Elon Musk associated, the conspiracy theories shortly spun to the ludicrous, together with one which theorized the alleged protection termination got here from Warren Buffett, who has declined to put money into Tesla previously.
(Buffett has beforehand stated he admired Musk for his “dedication to fixing the unimaginable.”)
Whereas there doesn’t seem like any fact to the Geico rumors, the Cybertruck has had its share of speedbumps these days. One proprietor complained he needed to substitute his tires after driving simply 6,000 miles. Lower than every week in the past, Tesla recalled greater than 27,000 of the autos attributable to potential lags (of as much as 8 seconds) on the rearview digicam. And there have been 4 extra Cybertruck recollects within the first 5 months of this 12 months.
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