Tesla trade in Alhambri, California on March 11, 2025.
Frederic J. Brown | AFP | Getty Images
As Elon musk Finish your second month in the White House, Tesla The owners trade their electric vehicles at a record level, according to an analysis of the national place to buy Edmunds car.
Edmunds reported on Thursday said March represents the “biggest share” that he saw for Tesla’s trade to new or used cars from MPs selling other brands.
Ever since he headed to Washington, DC in January as a central figure in the second Trump administration, Musk was mowing Federal labor and state consumption and has been accessed by sensitive government computer systems and data, although his efforts in court have been repeatedly challenged.
Before taking over the leadership of the Department of Efficiency of the Government (Doge), Musk spent about $ 290 million last year to help start President Donald Trump Return to the White House.
While investors cracked Tesla’s shares after Trump’s victory in November, they were rushing at the exit of latepushing the stock price by 42% this year. Waves of protest were targeting Tesla’s facilities in the USA wider. Other criminal offenses vandalism And the fire was targeting tesla shops, vehicles and charging stations wide
In addition, Tesla faces increased competition by EV manufacturer. In January, S&P Global Mobility found that Tesla sales reduced about 11% in the US in the US, while FordChevrolet and Volkswagen enhanced their sale EV, picking up a market share.
“Mixes in Tesla Consumer Sentiment could create the opportunity for the inherited car manufacturers and EV startups to get on the ground,” wrote Jessica Caldwell, a insight manager at Edmunds, Ue -Poruci. “As the loyalty and interest of the Tesla brand, those who offer competitive prices, new technology or simply smaller controversy, could record repeating Tesla owner and EV customers who are the first time.”
Mark Tesla, more than any other car manufacturer, is firmly attached to his executive director. In August 2024, the Edmunds survey discovered that only 2% of car customers in the United States were not familiar with men.
Edmunds also said that the purchase of new Tesla vehicles on its platform fell to the lowest level last month since October 2022. After reaching as early as November.
Even before Musk started heading toward Doge, Teslin Mark suffered. Its brand value fell by 26%, or about $ 15 billion, 2024, the second flat annual decline, according to the research and consulting company Brand Finance.
Many car customers trade their Tesla EVS for a newer Tesla model. Data Edmunds did not count for these transactions.
Tesla did not immediately respond to the commentary request.
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