Tesla owners trade their EVS on record levels, says Edmunds

As Elon Musk Completes your second month in the White House, Tesla The owners trade their electric vehicles at record levels, according to the analysis of the national trading site of EDMUDS vehicles.

EDMUNDS data published on Thursday states that the march was the “highest for the sake” that it saw for Tesla Trade-Ins to new or used cars from dealers selling other brands.

Ever since he headed to Washington, the District of Columbia in January as a central figure in the second Trump administration, Musk was abbreviation Federal labor and state expenses and gained access to sensitive state computer systems and data, although its efforts have been repeatedly challenged in court.

Before you take on President Donald Trump Back to the White House.

While investors cut off shares tesla after Trump’s victory in November, they were hurry out for the exits lateThis year, 42% by 42% by 42%. The waves of protests were sent to Tesla facilities in the US and abroad. Other criminal acts vandalism and arson directed at Tesla stores, vehicles and chargers on the US

In addition, Tesla faces enhanced competition by EV manufacturers. In January, Global Mobility S&P found that TESLA sales decreased by approximately 11% compared to last year FreodChevrolet and Volkswagen strengthened their EVS sales by picking up the market share.

“Tesla consumer mood changes can create the opportunity for elderly automakers and startup EV starters,” Jessica Koldwell wrote in the e -mail. “As the loyalty to the Tesla brand, those who offer competitive prices, new technologies, or just less disputes, can capture Tesla owners and EV buyers for the first time.”

The Tesla brand, more than any other automaker, is closely linked to its CEO. In August 2024, Edmunds polls showed that only 2% of car buyers in the US were unfamiliar with Musk.

Edmunds also said shopping for new Tesla car models on its platform last month decreased to the lowest level since October 2022 after the peak in November.

Even before Musk started heading to Dage, Tesla Brand suffered. According to 2024, its brand cost decreased by 26%, or about $ 15 billion, in 2024, according to scientific and consulting brand finance firms.

Many car buyers trade their Tesla EV for the new Tesla model. Edmunds data do not take into account these transactions.

Tesla did not immediately respond to a comment request.

See: Main trouble tesla is more detrimental than short -term political breeze