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Showing Original Post only (View all)Tesla Trade-Ins Hit Record High As Elon Musk's Politics Alienate Drivers, New Data Says [View all]
More bad news for fleaon.
This story was published by the Essex County Daily Voice (NJ). It doesn't surprise me because there are a lot of Teslas around here, due to the fact that this is a very liberal, blue area. Parts of Essex County are quite wealthy, and the story's angle is people are trading Teslas in for other EVs.
Recently a friend was in my county and we went to dinner. She remarked on how many Teslas there were. I said probably not for long--and then today the Daily Voice published this very well researched article. The figures are national, not just local for NJ.
Also, there are numerous Tesla protests. The big ones are in Union, NJ, and Paramus, NJ. They get a good deal of attention and the one in Union got 400 protestors on March 12. There was another one on the 19th, for which I will check the figures and post back. Since pressure is only increasing on fleaon, it may have attracted even more protestors.
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Tesla owners are trading in their vehicles at record levels as criticism mounts against the company and billionaire CEO Elon Musk, according to new data.
Story by Chris Spiker 5h
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March has marked the highest-ever share of Tesla trade-ins toward new or used purchases at dealerships for other automakers, according to car shopping website Edmunds. The site, which receives more than 20 million monthly views, said interest in Tesla's brand is dipping and consumer loyalty is weakening.
Tesla's share of vehicle trade-ins from model year 2017 or later remained steady throughout 2024, starting at 0.5 percent in January and ending at 0.8 percent in December. That share has risen sharply in 2025, with Teslas now making up 1.4 percent of all trade-ins in March.
snip
Most of the traded-in Teslas have been swapped for other electric vehicles.
So far in 2025, EVs make up eight of the top 10 most-purchased new vehicles following a Tesla trade-in at a dealership. On the used side, many former Tesla owners are still buying Teslas, with the Model Y, Model S, and Model X topping the list.
Still, overall shopper interest in Tesla is declining. The company's new vehicle consideration on Edmunds fell to 1.8 percent in February its lowest point in more than two years.
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Many more depressing figures for Tesla at the link: https://dailyvoice.com/nj/newark/tesla-trade-ins-hit-record-high-as-musks-politics-alienate-loyal-drivers-new-data-says/