The Cybertruck Is Such a Mess That Insurance Companies Are Refusing to Even Cover It
Not even insurance companies want anything to do with it.
Truck Putz
Tesla's Cybertruck is turning out to be a full-blown disaster.
Sales are circling the drain, with the Elon Musk-led automaker selling a mere 4,306 Cybertrucks in the second quarter of 2025, a stunning 50.8 percent drop over the same period last year.
Resale values are cratering as well, with the value of a used Cybertruck plummeting by more than 30 percent over the span of a year.
Even just insuring the stainless steel behemoths is turning into a massive headache. Owners insured through Hanover Insurance are being informed that their policy is being terminated.
That's exactly what happened to Illinois-based owner Tobias Troy Vahl, as flagged by TorqueNews last month. Hanover Insurance cited the vehicle's low production volume and its high repair costs for terminating his policy.
It's a damning predicament, highlighting just how much of a hot potato the electric pickup has become. Apart from turning into a highly politicized lightning rod, the Cybertruck has proven itself to be an expensive-to-repair and issues-riddled lemon. It's a warning sign for the carmaker, which is already struggling with nosediving demand worldwide and plummeting sales.
Expensive Paperweight
... continue reading