Record Trade-Ins of Tesla Vehicles Amid Backlash Against Elon Musk
Recent data from Edmunds reveals that Tesla owners are trading in their electric vehicles at unprecedented rates, driven largely by growing dissatisfaction with CEO Elon Musk and his political affiliations. Many owners are reportedly concerned about the declining resale value of Teslas, which is falling at a rate three times faster than the overall used car market. This trend has led to a significant increase in the number of used Teslas available, particularly in Canada, as sentiments towards the brand take a downturn. The surge in trade-ins reflects a broader consumer sentiment shift, as drivers appear to be moving away from Tesla amid the ongoing controversies surrounding its leadership.
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