Trade-in of Tesla vehicles allegedly reached a record high level this month, as the brand EV faces the growing area of contestants-and a fierce political backlash for the leading role of CEO Elone Musk in Trump administration.
According to Edmunds data, according to an increase of 0.4 percent from the same period a year ago, Teslas made 1.4 percent of all the trade-in traded in mid-March. Meanwhile, buyers interest in Teslas on Edmunds site, 1.8 percent discoveries, the lowest point since October 2022, and the 2024 election was rapidly declined by 3.3 percent of the brand’s exploration stake in November.
“Brand loyalty is becoming a major question mark such as the increasing public participation in the government of Elon Musk, the concerns of Tesla depreciation and its increased saturation in the major metro regions, as some prolonged owners are distinguishing from the brand,” a statement by CBS Manivatch.
Tesla’s vehicles, dealerships, and charging stations have constantly targeted and attacked protests as Donald Trump took over and made Kasturi a prominent partner, taking care of the Government Efficiency Department (DOGE) initiative, due to which there is a large -scale trimming, budget cuts and attempts to shutter.
Unnamed individuals have created a website to show Tesla features and places of individuals, which are tied to Dogi. Cursor on the website is a molotov cocktail.
During the same period, the brand has faced a series of serious financials.
Tesla’s sales in Europe were reportedly reduced by 45 percent less year after year, and the company’s stock fell nearly $ 200 per share from the November peak, although it returned to the lost ground on Monday as the shares jumped around 12 percent amidst reduced fear about tariffs.
Others pinned Tesla’s trends on more EV options entering the market, not on politics.
“What we are seeing in the market is just fission which is very common, an analyst with David Green, Cars.com said. Washington Post“Tesla enjoyed specificity and market dominance for a long time, but other vehicle manufacturers are getting into EV space.”
Even though Tesla cars are interested in flags, federal officials are giving priority to check the dangers against vehicles.
Attorney General Palm Bondi announced last week that the Department of Justice was making “serious” allegations against three persons, who are accused of targeting teslas with arson attacks, to treat such incidents as domestic terrorism after the White House pledge.
Federal officials have started a terrorism workforce to investigate the Tesla attacks.
Trump has taken things a step forward, suggesting that those who target Teslas, they can be sent to a notorious Salvadoran jail at the center of the ongoing Venezuela’s exile flights.
On social media, he said, “I look forward to seeing sick terrorist thugs to serve a 20 -year jail for Elon Musk and Tesla.” “Perhaps he could serve him in the jails of Al Salvador, who have recently become famous for such cute situations!”
In addition to focusing on law enforcement authorities on preventing violent incidents related to Teslas, the administration has taken some unusual steps to sideline customer support for Tesla as a company.
Trump held an event in front of the White House with a suit of Tesla cars earlier this month, where the President said he would buy a Tesla in a show of solidarity with his billionaire advisor for his work in administration.
“I am going to buy because number one, this is a great product.” “As good as it is. Number two, because (Elon Musk) dedicated his energy and his life to do so, and I think he has been misbehaved.”
Commerce Secretary Howard Lutnik recently encouraged the audience to buy Tesla’s flagging stock during the Fox News interview.
