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Tesla Faces Record Trade-Ins and Stock Decline as Challenges Mount

The electric vehicle maker grapples with financial losses, product recalls, and backlash over Elon Musk's political role.

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Commerce Secretary Howard Lutnick speaks with reporters at the White House, Thursday, March 13, 2025, in Washington. (AP Photo/Alex Brandon)

Overview

  • Tesla's stock has lost nearly half its value since December 2024, with a 42% decline reported in 2025 so far.
  • March 2025 saw the highest-ever share of Tesla trade-ins, with a 300% increase compared to the same period last year, according to Edmunds.
  • The company has recalled over 46,000 Cybertrucks due to safety concerns over exterior panels detaching while driving.
  • Protests and vandalism targeting Tesla properties have escalated, though authorities found no evidence of coordination despite claims from Elon Musk and Donald Trump.
  • Commerce Secretary Howard Lutnick's public endorsement of Tesla stock has raised ethics concerns, while President Trump has labeled vandalism against Tesla as 'domestic terrorism.'