Sales of the Cybertruck collapsed to 4,306 units in Q2 2025, a 50.8% decline year-over-year. Used values dropped more than 30% in a year. Insurers are withdrawing coverage, with Hanover terminating policies and GEICO earlier refusing to insure the vehicle. Hanover cited low production volume and high repair costs, exemplified by an Illinois owner whose policy was canceled. Average annual premiums reached $3,392 versus a national average of $2,336, and some monthly premiums neared $1,000. The model has faced eight recalls, costly repairs, complaints about range and pricing, and growing politicization, creating a major market concern for Tesla.
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.
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