this post was submitted on 06 Oct 2024
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GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”

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[–] danc4498@lemmy.world 52 points 1 month ago (17 children)

Class action lawsuits are gonna be a mother fucker

[–] partial_accumen@lemmy.world 85 points 1 month ago (16 children)

Class action lawsuits are gonna be a mother fucker

Part of the purchase agreement of a Tesla agreeing to binding arbitration. This means no class action suit. You can opt out of this within the first 30 days, but you have to send a letter requesting it.

How many Tesla owners do you think do that?

[–] Serinus@lemmy.world 14 points 1 month ago (2 children)

Steam recently removed their arbitration clause, largely because paying for a thousand arbitration cases is worse than dealing with a class action.

[–] Kalysta@lemm.ee 1 points 1 month ago

Which is what Musk is looking at happening.

Between cybertruck and twitter, dude’s gonna bankrupt himself.

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