A rising variety of Tesla house owners are placing their used autos up on the market, as customers react to Elon Musk’s political actions and the worldwide protests they’ve fueled.
In March, the variety of used Tesla autos listed on the market on Autotrader.com skyrocketed, Sherwood News reported, citing knowledge from Autotrader mother or father firm Cox Automotive. The numbers have been significantly excessive within the ultimate week of March, when a median of greater than 13,000 used Teslas have been listed on the market. Not solely was this a document — it’s up 67% from the identical week a yr earlier.
On the similar time, gross sales of recent Tesla autos have slowed whilst 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., according to the latest report from Kelley Blue Book, 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 quantity from a yr in the past, in keeping with Kelley Blue Guide.