Start by knowing what GEICO’s underwriting guidelines are. It’s all about Warren Buffett’s investing style!
Buffett loves ‘float,’ other people’s money that they cannot easily ask for back. Sources includes prepaid services and insurance. Buffett likes GEICO’s low risk approach to insurance because float is more useful and less risky than insurance profits in his investing paradigm.
Cybertruck does not yet have sufficient data to be deemed a safe insurance risk, hence it “doesn’t meet our underwriting guidelines.”
No conspiracies needed!
The Captain