A rising variety of Tesla house owners are placing their used automobiles up on the market, as shoppers react to Elon Musk’s political actions and the international protests they’ve fueled.
In March, the variety of used Tesla automobiles listed on the market on Autotrader.com skyrocketed, Sherwood Information reported, citing information from Autotrader dad or mum firm Cox Automotive. The numbers have been notably excessive within the closing week of March, when a median of greater than 13,000 used Teslas have been listed on the market. Not solely was this a file — it’s up 67% from the identical week a yr earlier.
On the identical time, gross sales of recent Tesla automobiles have slowed at the same time as EV gross sales from different manufacturers rise. Almost 300,000 new EVs have been bought within the first quarter of 2025 within the U.S., in line with the newest report from Kelley Blue Ebook, a rise of 10.6% yr over yr. In the meantime, Tesla gross sales fell within the first quarter, down almost 9% from the identical interval in 2024.
Automakers like GM and Hyundai nonetheless lag behind Tesla. However they’re seeing an uptick in progress. As an example, GM manufacturers bought greater than 30,000 EVs within the first quarter, almost doubling the amount from a yr in the past, in line with Kelley Blue Ebook.
