- According to Cox Automotive, the number of used Tesla listings has risen by 33% this year up until now.
- An industry analyst pointed out that one factor contributing to this increase was Elon Musk’s activities.
- Tesla also encounters various hurdles in the electric vehicle sector such as heightened competition and models that have become somewhat outdated.
The number of used Tesla listings has increased by 33% this year, according to at least one industry expert who stated
The ongoing escapades of CEO Elon Musk persist.
to exert a “substantial” influence on the brand.
According to Autotrader statistics cited by analysts from Cox Automotive on Wednesday, Tesla listings rose from approximately 8,500 at the start of 2025 to 11,515 as of March 16th. However, during this time frame, the firm observed a surge in all other electric vehicle listings by 27%, noted Stephanie Valdez Streaty, who serves as the director of industry insights at Cox Automotive, in her market outlook report.
This year, Tesla’s percentage of used electric vehicle listings increased by just one point, reaching 40%. This suggests that the growth in Tesla listings might be attributed to higher product availability, as per her statement.
“Undoubtedly, Elon Musk plays a crucial role in shaping his company’s reputation and sales through his actions. It remains to be seen whether Tesla can effectively steer through this pivotal moment and discover a fresh driver of expansion,” stated Streaty.
Tesla vehicles and their dealerships throughout the U.S. have been the focus of various incidents.
attacks and vandalism
In recent months, since Musk joined forces with the White House regarding the DOGE initiative, the FBI has taken action this week.
created a task force
To look into and clamp down on what it referred to as “incidents of violence, destruction of property, and domestic extremism.”
Nevertheless, Tesla owners seeking to sell their electric vehicles may not recoup as much of the purchase price when reselling their cars.
Tesla prices have been plummeting.
over the last several years, the typical cost of a
Previously used Tesla now costs $10,000 less
as per information from the dealership site CarGurus, this is higher than what you’d find for a non-Tesla electric vehicle.
Streaty mentioned that Tesla has encountered “substantial difficulties” since then.
propelling the EV market
In 2020, the company entered the mainstream market. A variety of elements such as heightened competition, outdated product offerings, financial conditions impacting customers, along with disputes involving Elon Musk, led to a downturn in the firm’s sales within the U.S.
She stated that unless there is a major shift in strategy to create new products that have broad appeal, Tesla’s peak performance in automotive manufacturing might be behind them.
A previous Tesla owner named Scott Oran, a real estate developer residing close to Boston,
previously told BI
He chose to part ways with his Model 3 following Musk’s political actions, which made him feel “ashamed” to be spotted in the car.
“I believe, regrettably, that Elon Musk’s conduct has likely irreparably harmed the Tesla brand,” Oran stated.
Tesla did not promptly respond to Business Insider’s request for commentary on Thursday.
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