Tesla owners are selling cars, prices plummet significantly

Tesla owners are increasingly selling their cars, leading to a significant drop in used Tesla prices. The average price of a used Tesla is now around $30,000, down from $70,000 in 2022, as more owners trade them in. This trend coincides with Elon Musk's growing political influence and a decline in Tesla's stock value. Reports indicate that many owners are motivated by dissatisfaction with Musk's actions and reputation, with some citing a desire to distance themselves from him. In Europe, demand for Tesla has also decreased sharply, with registrations dropping over 40% in several countries. A study found that 30% of Tesla owners are considering selling their vehicles, primarily due to concerns about Musk's behavior.