Skip to main content

Tesla trade-ins at highest levels ever while consumers boycott Musk

Tesla boycott protests

Tesla is facing an unprecedented boycott.

Protests at showrooms and acts of vandalism against Tesla vehicles have popped up around the world due to CEO Elon Musk's affiliation with President Donald Trump and other far-right parties. Musk has also been a driving force behind the "Department of Government Efficiency," his government project behind the mass firing of federal workers and potential future cuts to Social Security. And, of course, throwing up a so-called "Roman salute" gesture has also affected Tesla's sales. 

The boycott has resulted in Tesla's EV car sales dropping by as much as 76 percent in some markets. However, it's not just Tesla's potential customers who are turning away from the company. Tesla owners want out now, too.

SEE ALSO: Tesla is somehow missing $1.4 billion

According to new data from online car inventory platform Edmunds, March 2025 saw the highest monthly share of Tesla trade-ins on record. Drivers have traded in a record number of Tesla vehicles this month. Tesla models from 2017 or newer have made up 1.4 percent of all vehicles traded in as of March 15.

That's up by a full percentage point from last March when Tesla cars only made up 0.4 percent of trade-ins.In addition, Edmunds analysts said that number is likely to go up as the second half of the month rolls on and they receive more trade-in data. 

Edmunds says that in February 2025, Tesla made up 1.2 percent of all trade-ins, so this month's numbers have already exceeded last month's, and there is plenty of time left to go. According to Edmunds, this data excludes trade-ins towards new Tesla purchases, so these aren't cases of customers trading up for a newer Tesla vehicle.

Edmunds' data also showed that interest in buying new Tesla vehicles has dropped to its lowest levels since October 2022. Car buyers who are considering a Tesla vehicle now sit at 1.8 percent of shoppers. It previously peaked in November of last year with 3.3 percent. 

As for Tesla owners looking to sell their EVs, Mashable previously reported how Tesla user car prices have cratered due to Musk. On average, the price of used Tesla vehicles has fallen by 10 percent, which is a much bigger drop in value than used cars made by other automotive brands.



from Mashable https://ift.tt/iUw07Ay
https://ift.tt/Djy7KMY
Labels:

Comments

Post a Comment

Popular posts from this blog

The Shortcut AI Excel agent could one-shot spreadsheet jobs. Heres how to try it.

There's a new AI agent on the block for people who spend their waking hours inside spreadsheets. Navigate to Shortcut AI's website , and you'll find a page that looks almost exactly like an empty Microsoft Excel spreadsheet. The main difference is a sidebar chatbot that can be tasked with taking on the tedious legwork of building, say, complex financial models or competitive analyses. Because Shortcut is agentic , meaning it can handle multi-step tasks on the user's behalf, the tool can do more than just generate Excel formulas or analyze spreadsheet data. In a demo on X, Nico Christie, founder and CEO of the Shortcut AI agent, showed how the tool swapped out the data from a Microsoft distributed cash flow analysis (DCF) for Google data by looking up Google's SEC filings and populating the data in the same template. This Tweet is currently unavailable. It might be loading or has been removed. Shortcut launched on Monday with a rather ominous tagline: "Try...
Post a Comment
Read more

When the clocks change for Daylight Saving Time, and why we do it at all

The clocks on our smartphones do something bizarre twice a year: One day in the spring, they jump ahead an hour, and our alarms go off an hour sooner. We wake up bleary-eyed and confused until we remember what just happened. Afterward, "Daylight Saving Time" becomes the norm for about eight months (And yes, it's called "Daylight Saving" not "Daylight Savings." I don't make the rules). Then, in the fall, the opposite happens. Our clocks set themselves back an hour, and we wake up refreshed, if a little uneasy.  Mild chaos ensues at both annual clock changes. What feels like an abrupt and drastic lengthening or shortening of the day causes time itself to seem fictional. Babies and dogs demand that their old sleep and feeding habits remain unchanged. And more consequential effects — for better or worse — may be involved as well (more on which in a minute). Changing our clocks is an all-out attack on our perception of time as an immutable law of ...
Post a Comment
Read more

Mystery Pixel smartphones detailed in code references

The devices also pack 12GB of RAM apiece. Shiba is said to feature a screen with a resolution of 2,268 x 1,080 pixels while Husky could be a bit larger at 2,822 x 1,344 pixels. Given the amount of RAM, however, both would likely qualify as premium devices. from TechSpot https://ift.tt/cefMDJW via
Post a Comment
Read more