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Elon Musk's Political Fallout Fuels Record Dump of Used Tesla Cars — Now Selling For Thousands Below Market Value

Benzinga LogoBenzinga20h ago

Elon Musk's Political Fallout Fuels Record Dump of Used Tesla Cars — Now Selling For Thousands Below Market Value - Benzinga

Quick Summary:

That marks a 67% year-over-year increase and comes amid nationwide protests dubbed the “Tesla Takedown,” which targeted Musk's growing political affiliations — including his role as head of DOGE and close ties to the Donald Trump administration.

As the backlash against Elon Musk intensifies, a record number of Tesla, Inc.(NASDAQ:TSLA) owners are rushing to offload their vehicles, flooding the used market and driving prices down.

What Happened: The used car market saw a record surge in Tesla listings in March, with over 13,000 used Teslas posted for sale on Autotrader, according to Cox Automotive, reported Business Insider.


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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-12 @ 20:51:33 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 612 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27815635

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 5 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 20 hours ago

Coverage Areas: United States

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News Language: English

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Publisher ID: #53

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