Challenges and reactions of the industry

The Tesla movement to self -registered occurs in the middle of a broader turbulence in the car insurance market for some EVs. The owner of Tesla Cybertruck, Robert Stevenson, recently revealed that his insurer, Geico, had refused to renew the coverage of his vehicle, citing that he did not meet the subscription guidelines. “After a careful review of its policy records, we have determined that we cannot continue its insurance coverage for 2024 Tesla Cybertruck,” Geico said in a letter shared by Stevenson.