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Warren Buffett Vs. Elon Musk: Did Geico Cut Insurance Coverage On Cybertrucks For Not Meeting 'Underwriting Guidelines'?

Benzinga ·  17:06

One of the world's largest insurance companies seemingly ended its coverage of theTesla Inc(NASDAQ:TSLA) Cybertruck, before a clarification averted tensions between two of the most valuable companies run by two of the richest people.

What Happened:According to a report from Torque News, Geico dropped the Tesla Cybertruck from its coverage.

Geico is owned byWarren Buffett'sBerkshire Hathaway Inc(NYSE:BRK)(NYSE:BRK).

Robert Stevenson, who owns a Cybertruck, shared on social media platform X that GEICO told him they can no longer insure his Cybertruck.

"It makes no sense, as there are other...

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