Used Tesla Listings Are up 33% This Yr

Used Tesla listings jumped by 33% up to now this yr with not less than one business skilled saying CEO Elon Musk’s antics proceed to have an “simple” impression on the model.

Citing Autotrader knowledge, analysts for Cox Automotive stated Wednesday that Tesla listings jumped from round 8,500 at the start of 2025 to 11,515 on March 16. Nonetheless, the corporate noticed will increase in all different EV listings throughout the identical interval at 27% year-to-date, stated Stephanie Valdez Streaty, Cox Automotive’s director of business insights, in an business forecast.

Tesla’s share of used EV listings solely moved by one level to 40% this yr, suggesting that the rise of Tesla listings may very well be because of higher product availability, she stated.

“It is simple that Elon Musk is an influential issue whose actions are impacting the model’s picture and gross sales, and solely time will inform if Tesla can efficiently navigate this important juncture and discover a new engine for progress,” Streaty stated.

Teslas and showrooms throughout the US have been the topics of assaults and vandalism in latest months following Musk’s affiliation with the White Home DOGE workplace. This week, the FBI created a job power to analyze and crack down on what it known as “acts of violence, vandalism, and home terrorism.”

Nonetheless, Tesla house owners trying to offload their EVs won’t get as a lot again for the automotive as they paid for it. Used Tesla costs have been in a freefall for the previous few years, with the common value of a used Tesla now $10,000 lower than that of a non-Tesla electrical automotive, in line with knowledge from the dealership web site CarGurus.

Streaty stated Tesla has confronted “vital challenges” since propelling the EV market into the mainstream in 2020. A number of elements, together with elevated competitors, an ageing product lineup, financial elements affecting shoppers, and controversies surrounding Elon Musk, have triggered the corporate to expertise declining gross sales within the US.

“We imagine, with no vital change in technique to develop new merchandise with widespread enchantment, Tesla’s excessive watermark as an automaker could also be previously,” she stated.

One former Tesla proprietor, Scott Oran, an actual property developer who lives close to Boston, beforehand instructed BI he determined to promote his Mannequin 3 after Musk’s political strikes left him “embarrassed” to be seen driving it.

“I feel, sadly, by Elon Musk’s actions, he is in all probability irrevocably broken the Tesla model,” Oran stated.

Tesla didn’t instantly return a request for remark from Enterprise Insider on Thursday.