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
10/7/24 11:11AM

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.

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Max Knoblauch
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Amazon is testing adding GM electric vans to its EV delivery fleet dominated by Rivian

Rivian may have some competition in its electric delivery van division: Bloomberg reports that Amazon is testing a small number of GM’s BrightDrop vans for its fleet.

According to Amazon, the test currently only includes a dozen of the vehicles. Amazon’s fleet also contains EVs from Ford, Stellantis, and Mercedes-Benz.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

Amazon Tests GM EV Delivery Vans in Bid to Meet Climate Goals

Amazon Tests GM EV Delivery Vans in Bid to Meet Climate Goals

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

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Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery

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The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

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