Tesla trade-ins data

[André]

Read this on a Hugf Post article.


As Tesla CEO Elon Musk implores his employees not to sell their stock even though “it feels like Armageddon,” Tesla owners are trading in their vehicles at record levels.


That’s according to data tracked by the U.S. car shopping website Edmunds, which found that March 2025 represents the “highest ever share” on record of Tesla trade-ins toward new or used purchases at dealerships.

Teslas accounted for 1.4% of the cars traded in through March 15, up nearly 300% from the same month last year, when just 0.4% of trade-ins were Teslas.

The trade-in will be a lot worst within weeks. Nobody wants to wonder if his car will be vandalized. Insurance premiums will go to the roof if you are lucky enough to find one willing to cover a Tesla. Inventory must be pilling up like crazy now if they didn’t slow down production (we already know they did it for the CT). Elon is desperate. Many Board members and executives are dumping their stake in TSLA.

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[André]

We just traded our Model Y for an R1S. Had zero to do with Elon (I actually like him) and everything to do with us just wanting a larger vehicle. I feel like this is more Tesla not offering what many Americans want which is large vehicles of excess.

No matter what you think of Elon involvement in the current mess in USA, he should face facts about destroying shareholder value for TSLA and it is not a short term issue. How disconnect does he need to be to pursue in the same path while watching Tesla brand being impaired like that ? He should step down and put a puppet as CEO if he wants but leave this company alone !

 

[moosehead]

So all of Musk’s companies benefitted massively from federal financial support, yet he now wants to close that out for anyone else? Further, he is doing so with the guise of “cost cutting” from which any savings will be dwarfed 10x over by clamoring to extend the 2017 Tax Act which disproportionally benefits corps and the wealthy.

Were goose stepping quickly to $40T federal debt.

The above grift and hypocrisy extends well beyond politics.

IBFTL! Bwaaahaaahaaa.

Signed,

Homeless Conservative

 

[narmstrong79]

Tesla already has your money, trading it in / selling doesn't hurt them in any way. Those who are in the market for a used Tesla, just got a whole bunch of new cheaper options. They were likely never going to buy a new one anyhow, so it's not really a lost customer for them. If you bought a Tesla before Elon went full Confederate party financier, you are likely leaning left anyhow, team red hats (Hat-red) you're lucky anti-EV anti-climate... So what's even the point let the stock crash... Once he and Big Orange have their falling out that is inevitable it's just going to fall even further.

 

[JM.]

So all of Musk’s companies benefitted massively from federal financial support

Not exactly; you wording seems to imply handouts. Maybe I over-read it.

yet he now wants to close that out for anyone else?

No, not at all. You're conflating things like a paid contract for service rendered and just handouts and unearned payments.

Tesla already has your money, trading it in / selling doesn't hurt them in any way.

That's not accurate; many people weigh the cost/availability of used versus new. My neighbor is doing that right now. He wanted used but is considering new because Tesla dropped prices. But if the used market drops, he'll go used.

 

[COdogman]

No, not at all. You're conflating things like a paid contract for service rendered and just handouts and unearned payments.

Musk received a DOE loan to build a factory at a critical make or break time for Tesla. Now he’s trying to pull that ladder up so others don’t get the same opportunities.

 

[narmstrong79]

That's not accurate; many people weigh the cost/availability of used versus new. My neighbor is doing that right now. He wanted used but is considering new because Tesla dropped prices. But if the used market drops, he'll go used.

My point is the OG owner, trading in it selling a Tesla they already paid for because they'll fed up with Elon doesn't hurt tesla.

 

[pamalabama]

Musk received a DOE loan to build a factory at a critical make or break time for Tesla. Now he’s trying to pull that ladder up so others don’t get the same opportunities.

465 million not 6.6 billion

This was also at a time when tesla had little competition

 

[COdogman]

465 million not 6.6 billion

This was also at a time when tesla had little competition

Yes, that is what is cost to build a factory in 2009. Welcome to 2025

 

[JM.]

doesn't hurt tesla.

It does.

 

[bigsky]

I said before, will say it again. Rober was way in over his head.
He needs to stick to designing contraptions meant for porch pirates and call it a day.

 

[captainjp]

My point is the OG owner, trading in it selling a Tesla they already paid for because they'll fed up with Elon doesn't hurt tesla.

Inaccurate.
same person, in-theory would buy a new Tesla.
This is obviously hurting Tesla because shares have dropped almost 50% over two months. That’s a lot of money, bruh.

 

[DuoRivians]

My point is the OG owner, trading in it selling a Tesla they already paid for because they'll fed up with Elon doesn't hurt tesla.

If the used car market for Teslas collapses, then that’ll most definitely hurt new Tesla sales, which will hurt Elon and Tesla.

How do you hurt the used car market for Teslas? Significantly depreciate them fast and create many more sellers than buyers.

And I’m sure once good employees see the writing on the wall that people don’t want their cars, they’ll leave too.

 

[Electrified Outdoors]

What’s happening to Tesla is sad. Musk needs to resign from Tesla unfortunately I don’t see any other way. When resale starts crashing…and it will if this trend continues…dealers won’t touch them on trade or they will be offering well well below wholesale.

Destroying property is not ok. Yes they are having an impact on Musks net worth but it’s really hurting Tesla employees and owners which is very saddening.

 

[bfilippo]

Inaccurate.
same person, in-theory would buy a new Tesla.
This is obviously hurting Tesla because shares have dropped almost 50% over two months. That’s a lot of money, bruh.

Exactly, and Tesla’s constant rejiggering of pricing especially on the Y since it released, has kept people strapped to their cars because the depreciation likely put many in a spot to have to ride out their financing cycle.

However now there are owners who have put enough miles on their vehicle that they feel justified trading in due to any number of personal ideals, and, most importantly, those people who do let go of their cars, may never get a Tesla again due to both their original decision to let go AND the financial pain they suffered from the massive depreciation the vehicles have been dealing with until now and has recently accelerated rapidly.

I’m no economist, but that has to hurt the long tail of sustainable growth at Tesla pretty damn hard.

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