this post was submitted on 28 Mar 2025
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United States | News & Politics
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A retail value they just recalled 45,000 cyber trucks Thats like 3.6 billion dollars. That’s the insurance companies dropping the vehicles and people tired of the million things wrong with them.
A recall doesn't mean the company takes back your vehicle and has to refund you. They send you a letter and you take your vehicle to a dealership so they can fix or replace the recalled issue or part.
And usually you can do this at your regularly scheduled service so most of the labour costs are covered.
Yeah I meant representing 3.6 billion in inventory. Couple that with all the charging issues, rusting panels, stuck chargers, non existent stations. Buying one is an uninsurable money pit and they hit you hard if you try to resell within a year
True. Their value has tanked into negative territory. You can't even pay someone to take one.
I've had recalls for a bunch of vehicles, and I've never had to pay any costs for the repairs regardless of when I schedule the appointment.
I meant if they talk you into a service at the same time some of THEIR labour costs are covered. Sorry I didn't mean the owner has to pay for a recall but I can see how my comment reads that way.
For example if the recall fix takes them 15 mins but they can do a regular service for another 60 mins which you pay for then it offsets things a bit for the dealership.
Doesn't Tesla straight up have sell their own insurance to make the vehicles driveable in states that have insurance mandates?
Got a source on that? I can only find stuff about Geico and other insurance companies dropping their coverage for it, but can't find anything specifically talking about Tesla offering in-house insurance for them, that sounds insane to me, insurance isn't like a warranty it also needs to cover third party liability and all that jazz.
https://www.tesla.com/support/insurance
It's on the website
Lol why didn't I think of that ^_^' thanks! I find this insane.
https://www.tesla.com/insurance