Edmonds says Tesla’s owners are trading in EVS at record levels.

like Elon Musk It concludes its second month in the White House, Timing Malcon is trading in their electric cars at record levels, according to the analysis conducted by the Edmonds shopping site for national cars.

Edmunds, published on Thursday, said that March represents the “highest share ever” that it witnessed to trade in Tesla towards new or used cars from agents who sell other brands.

Since heading to Washington, DC in January as a central figure in the second Trump administration, it was Musk Cutting Federal workforce and government spending, and have managed to reach sensitive computer and government data systems, although his efforts have been repeatedly challenged in court.

Before assuming the leadership of the Ministry of Governmental efficiency (DOGE), Musk spent about $ 290 million last year to help pay President Donald Trump Back to the White House.

While investors took Tesla’s shares after Trump’s victory in November Hurry up for late exitsThe share price is 42 % this year. The waves of protests targeted Tesla facilities in the United States and beyond. Other criminal business Sabotage The deliberate burning targeted Tesla stores, vehicles and charging stations throughout the United States

In addition, Tesla faces an increasing competition from EV makers. In January, S& P Global Mobility found about 11 % on year on year in the United States FordChevrolet and Volkswagen reinforced its sales from EVS, and pick up the market share.

“The transformations in the feelings of consumers in Tesla can have an opportunity for old automobile companies and EVs EV to get a floor,” wrote Jessica Caldwell, Edmunds’s head of ideas in Edmonds. “Since the brand Tesla loyalty and outstanding interest, those who offer competitive prices, new technology, or just less controversy can embody the owners of Tesla and the EV buyer for the first time.”

The Tesla brand is more closely related to its executive coordinator. In August 2024, Edmunds Surveys found that only 2 % of car shoppers in the United States were not aware of musk.

Edmonds also said that shopping in new models of Tesla compounds on its platform fell to its lowest level last month since October 2022 after its peak in late November.

Even before Musk starts heading to Dog, Tesla The brand was suffering. The value of its brand decreased by 26 %, or about 15 billion dollars, in 2024, a second annual decrease in a row, according to the funding company funding and consulting.

Many car shoppers in Tesla trades their EVS for the latest Tesla model. Edmunds data did not explain these transactions.

Tesla did not immediately respond to a request for comment.

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