The rumors started flying on Saturday. A post on Twitter/X, quickly reposted on Reddit, saw one driver claiming Geico had told him that “they can no longer insure Cybertruck” posting a letter that appeared to back up the claim saying the policy was being canceled “because this type of vehicle doesn’t meet our underwriting guidelines.”
That post, predictably, set off a wave of debate, howls of protest and plenty of schadenfreude. However, it appears to be nothing more than a successful social media troll.
Geico declined to address the posts directly, but told Fortune it “has coverage available nationwide for the Tesla Cybertruck.”
The account that initially posted the claim has removed the post (or blocked it from public view). That account has just 40 followers, making it unlikely the post was found organically on Twitter/X.
As with so many things Elon Musk related, the conspiracy theories quickly spun to the ludicrous, including one that theorized the alleged coverage termination came from Warren Buffett, who has declined to invest in Tesla in the past.
(Buffett has previously said he admired Musk for his “dedication to solving the impossible.”)
While there doesn’t appear to be any truth to the Geico rumors, the Cybertruck has had its share of speedbumps lately. One owner complained he had to replace his tires after driving just 6,000 miles. Less than a week ago, Tesla recalled more than 27,000 of the vehicles due to potential lags (of up to 8 seconds) on the rearview camera. And there were four additional Cybertruck recalls in the first five months of this year.
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