Mar 21, 2025 - Business
Tesla trade-ins jump
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Tesla trade-ins hit an all-time high amid political backlash to CEO Elon Musk's leadership of DOGE in President Trump's administration.
- The company is facing customer protests at Tesla stores throughout the world, sales boycotts, vehicle vandalism and online opposition. Meanwhile, current owners are embracing bumper stickers disavowing themselves of Musk's rightward turn.
By the numbers: 1.4% of dealership trade-ins this month have been Teslas, according to Edmunds data through March 16.
- That's up from 0.4% a year earlier and would mark an all-time high for a full month.
Reality check: Prices on Teslas aren't falling at an abnormal rate compared to other EV models, Edmunds notes.
- That suggests the market isn't being flooded... yet.
