Tesla Trade-Ins Spike Amid Musk Backlash and Competitors Capturing More EV Market Share, Edmunds Reports

Tesla’s stock price has fallen by 42 percent this year amid widespread protests, vandalism, and arson at Tesla facilities and charging stations nationwide.

People protest against Tesla and Elon Musk outside of a Tesla dealership in Palo Alto, Calif. on, March 8, 2025. Reuters/Laure Andrillon/File Photo

Consumer interest in new Tesla models dropped to its lowest point in two years, while trade-ins of recent Tesla vehicles reached record highs, according to recent data from car shopping website Edmunds provided to The Epoch Times.

In February, consumer interest in new Tesla vehicles fell to 1.8 percent, marking the lowest level since October 2022.