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Oluwafemi Awodele
1 week ago
Overview
Tesla owners are feeling the wrath of many people over Elon Musk’s political transformation and it appears a number of them have had enough. That’s according to new data, which has shown a surge in trade-ins.
Citing Edmunds data, Reuters is reporting that “Tesla cars from model year 2017 or newer accounted for 1.4% of all the vehicles traded in until March 15.” That’s up from 0.4% last year and marks a significant increase.
CNBC noted this is a record level of Tesla trade-ins towards vehicles from other brands. So what’s behind the increase? There’s likely a variety of factors at play, including new competitors in the EV space.
Of course, there’s little doubt that Musk’s close association to President Trump and his status as de facto leader of the Department of Government Efficiency is also playing a role. Sheryl Crow famously ditched her Tesla and said “There comes a time when you have to decide who you are willing to align with.”
more: https://www.carscoops.com/2025/03/tesla-owners-are-ditching-their-cars-in-record-numbers/
