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Image Credit: CarExpert

No love for Elon Musk? Tesla owners are ditching their cars at record rates

  • According to data from US automotive analysts Edmunds, a record-high 1.4% of cars traded in from March 1 to March 15 were Teslas.
  • Factors such as Elon Musk's increasing involvement in politics, concerns about Tesla depreciation, and saturation in major metro areas are leaving some longtime owners feeling disconnected from the brand.
  • Protests, attacks on dealerships, and damage to privately owned Tesla vehicles have been reported due to Musk's political views.
  • Tesla's financial performance in 2024 showed a decline in deliveries, a drop in automotive revenues, and a decrease in profitability.

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