Tesla Trade-Ins Surge Amid Backlash Against Elon Musk
Source: newsweek.com In This Article Record-High Trade-Ins Linked to Musk’s Political Ties Public Outrage Fuels Market Shifts Impact on Tesla’s Sales and Market Position Record-High Trade-Ins Linked to Musk’s Political Ties A growing number of Tesla owners are trading in their vehicles, setting a record-high trend this month, according to data from automotive research firm Edmunds. The spike in trade-ins coincides with increasing protests against Tesla CEO Elon Musk’s advisory role in the administration of U.S. President Donald Trump. From March 1 to March 15, Tesla models from 2017 or later accounted for 1.4% of all vehicles traded in at dealerships—up significantly from 0.4% during the same period last year. In February, Tesla trade-ins reached 1.2%, reflecting the rising discontent among owners. If this trend continues, March will mark the highest monthly share of Tesla trade-ins on record. The figures exclude Tesla vehicles exchanged for new Teslas or electric vehicles from direc...