Skip to main content
See every side of every news story
Published loading...Updated

Tesla trade-ins on pace for record high amid Musk backlash

  • Tesla owners are trading in their vehicles at record levels, with March 2025 marking the highest share ever for trade-ins, according to data from Edmunds.
  • The percentage of Teslas traded in is up nearly 300% from last year, from 0.4% to 1.4%, according to Edmunds.
  • Elon Musk told Tesla employees not to sell their stock, despite experiencing a significant drop in Tesla's stock prices since December 2024, as the company recalls nearly all of its Cybertrucks to fix a stainless steel trim issue.
  • Edmunds' insights indicate a decline in interest in Tesla and possible market share opportunities for other automakers as consumer sentiment shifts.
Insights by Ground AI
Podcasts & Opinions

97 Articles

PerthNowPerthNow
+2 Reposted by 2 other sources
Center

No love for Elon Musk? Tesla owners are ditching their cars at record rates

Sales of new Teslas are declining, and buyers of its existing electric vehicles are trading them in at a record rate.

·City of Perth, Australia
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 53% of the sources are Center
53% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

NBC Dallas-Fort Worth broke the news in Fort Worth, United States on Thursday, March 20, 2025.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal