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 worldwide protests they’ve fueled.
In March, the variety of used Tesla automobiles listed on the market on Autotrader.com skyrocketed, Sherwood Information reported, citing knowledge from Autotrader guardian firm Cox Automotive. The numbers had been significantly excessive within the closing week of March, when a median of greater than 13,000 used Teslas had been listed on the market. Not solely was this a document — it’s up 67% from the identical week a 12 months earlier.
On the identical time, gross sales of latest Tesla automobiles have slowed whilst EV gross sales from different manufacturers rise. Practically 300,000 new EVs had been bought within the first quarter of 2025 within the U.S., based on the most recent report from Kelley Blue E-book, a rise of 10.6% 12 months over 12 months. 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 illustration, GM manufacturers bought greater than 30,000 EVs within the first quarter, almost doubling the amount from a 12 months in the past, based on Kelley Blue E-book.
