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From Loyal to Fed Up: Tesla Owners Are Selling Fast(Greg Daugherty)
From Loyal to Fed Up: Tesla Owners Are Selling Fast — Here's Why It Matters
By Greg Daugherty
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Full Bio
Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books.
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Published May 21, 2025
Elon Musk's recent behavior, including his efforts to shut down numerous federal agencies and programs, has had a dramatic impact on the car company he runs and owns a large stake in, Tesla. Not only are sales of new Teslas down significantly both domestically and abroad, at a time when electric vehicle sales overall are up, but growing numbers of current owners are abandoning their Teslas for other automakers' vehicles.123
Tesla owners who are thinking of trading in or selling could be surprised by how little they're able to recoup. Here are some of the driving factors and their implications for EV drivers.
Key Takeaways- Prices for used Teslas have been falling, reducing their trade-in and resale value.
- Political disagreement with Elon Musk's actions is one reason for the glut in used models, but not the only one.
- Tesla owners can get an estimate of what their Tesla is currently worth by using an online calculator.
What's Behind Tesla's Lower Values As more used Teslas have hit the market, the demand for them has not kept pace and prices have fallen accordingly.
As the headline on a CNN Business report described the situation in late March of 2025, "The Used Tesla Market Is Crumbling." At that point, the article noted, "used Tesla prices are falling at more than double the rate of the average used car price," based on data from the automotive website CarGurus.4
CNN Business. "The Used Tesla Market Is Crumbling."
The decline may not be entirely due to Tesla owners' displeasure with Musk as the trend in lowering values dates back to at least the summer of 2024. Among the driving factors: a series of steep price cuts on new Teslas in recent years and a greater selection of used EVs from other automakers. In addition, the article noted, "electric vehicles tend to depreciate in value 11% more rapidly" than gasoline-powered ones.
Elon Musk's recent behavior, inWhat's Behind Tesla's Lower Values
As more used Teslas have hit the market, the demand for them has not kept pace and prices have fallen accordingly.
As the headline on a CNN Business report described the situation in late March of 2025, "The Used Tesla Market Is Crumbling." At that point, the article noted, "used Tesla prices are falling at more than double the rate of the average used car price," based on data from the automotive website CarGurus.
The decline may not be entirely due to Tesla owners' displeasure with Musk as the trend in lowering values dates back to at least the summer of 2024. Among the driving factors: a series of steep price cuts on new Teslas in recent years and a greater selection of used EVs from other automakers. In addition, the article noted, "electric vehicles tend to depreciate in value 11% more rapidly" than gasoline-powered ones.
4
What Tesla Owners Can Expect
Tesla owners hoping to trade in their Tesla for another vehicle, or simply sell it to someone else, may be disappointed by how much money they'll get in return. In a worst-case scenario, if they have an auto loan, they might find that they owe more on the car than they could get for it, as some owners have reported on social media.cluding his efforts to shut down numerous federal agencies and programs, has had a dramatic impact on the car company he runs and owns a large stake in, Tesla. Not only are sales of new Teslas down significantly both domestically and abroad, at a time when electric vehicle sales overall are up, but growing numbers of current owners are abandoning their Teslas for other automakers' vehicles.
Tesla owners who are thinking of trading in or selling could be surprised by how little they're able to recoup. Here are some of the driving factors and their implications for EV drivers.
Key Takeaways
1.Prices for used Teslas have been falling, reducing their trade-in and resale value.
2.Political disagreement with Elon Musk's actions is one reason for the glut in used models, but not the only one.
3.Tesla owners can get an estimate of what their Tesla is currently worth by using an online calculator.
https://www.investopedia.com/from-loyal-to-fed-up-tesla-owners-are-selling-fast-here-s-why-it-matters-11732569?hid=826f547fb8728ecdc720310d73686a3a4a8d78af&did=17926966-20250531&utm_campaign=investopedia-term-of-the-day_newsletter&utm_source=investopedia&utm_medium=email&utm_content=053125&lctg=826f547fb8728ecdc720310d73686a3a4a8d78af&lr_input=46d85c9688b213954fd4854992dbec698a1a7ac5c8caf56baa4d982a9bafde6d
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凡事唯有投入，結果才能深入; 凡事唯有付出，結果才能傑出;
凡事唯有磨鍊，結果才能熟練; 凡事唯有不煩，結果才能不凡。
能與智者同行，你會不同凡響; 能與高人為伍，你能登上巔峰。
你雖不能改變環境,但卻可以轉換心境;你雖不能樣樣勝利,但卻可以事事盡力。
Dr. Chao Yuang Shiang, senior consultant & Assistant professor,Dep.of Finance,Nanhua University,Taiwan.
website:amazon.com/author/drchao |
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