Tesla Faces Record Trade-Ins and Stock Drop as Backlash Against Elon Musk Grows

Consumer boycotts, vandalism, and investor concerns over Musk's political ties have driven a 53% stock plunge and declining interest in Tesla vehicles.

Tesla trade-ins reached an all-time high in March 2025, with 1.4% of all trade-ins involving Tesla vehicles, up from 0.4% a year ago, according to Edmunds.
Interest in purchasing new Tesla vehicles has fallen to its lowest level since October 2022, with only 1.8% of car buyers considering Tesla this month.
Tesla's stock value has dropped by 53% in 2025, with retail investors citing Elon Musk's political affiliations and controversial leadership as key factors in their decisions to sell.
Protests and vandalism targeting Tesla vehicles and dealerships have escalated, with some vehicles being spray-painted, keyed, and even set on fire.
The resale value of Tesla vehicles has declined by 10%, a steeper drop than other automotive brands, as backlash against Musk continues to impact the company.