Tesla owners offloading their cars over Elon Musk backlash are in for a nasty surprise

S

signalmankenneth

Verified User
  • Thinking of selling your Tesla? You won’t get as much as you might expect. Prices for the company’s vehicles have been plunging and now are far below competitors’. That comes as many Tesla owners are looking to unload their cars as a sign of protest over Elon Musk’s actions at DOGE.
Tesla’s stock price isn’t the only thing that has been plunging lately. Resale value on the manufacturer’s vehicles continues to fall, which could come as a big shock to people looking to make a change.

The average price of a pre-owned Tesla has been in steady decline for coming up on three years now. In 2022, a used Tesla sold for more than $70,000, but dropped as low as $26,000 by last fall. Data from iSeeCars found the Model 3’s price had dropped 24.8%, more than $8,500, in the 12 months from August 2023 to August 2024.

That was the biggest drop of all EV models.

The laws of supply and demand could push that price even lower in months to come. Hertz recently put 30,000 Teslas from its fleet up for sale. And a growing number of Tesla owners are looking to offload their vehicles as part of a backlash against Elon Musk’s recent comments and actions, particularly through his work at DOGE.

Some protests against Musk have even turned violent with some Tesla facilities facing protests, graffiti, and even attacks from people throwing Molotov cocktails.

Recent data from CarGurus shows the price of the average used Tesla was roughly $10,000 lower than other EVs in January of this year.

While all EVs are seeing price declines, Tesla’s drop is far steeper than its competitors’. Year-over-year declines last November, according to iSeeCars, topped 21%. That’s compared to an industry average of 1.4%

Used EV prices for vehicles from Ford, Lexus, Nissan, Hyundai, Acura, and more, however, all saw slight increases in that same time period.

This story was originally featured on Fortune.com

https://finance.yahoo.com/news/tesla-owners-offloading-cars-over-155236295.html


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signalmankenneth said:
  • Thinking of selling your Tesla? You won’t get as much as you might expect. Prices for the company’s vehicles have been plunging and now are far below competitors’. That comes as many Tesla owners are looking to unload their cars as a sign of protest over Elon Musk’s actions at DOGE.
Tesla’s stock price isn’t the only thing that has been plunging lately. Resale value on the manufacturer’s vehicles continues to fall, which could come as a big shock to people looking to make a change.

The average price of a pre-owned Tesla has been in steady decline for coming up on three years now. In 2022, a used Tesla sold for more than $70,000, but dropped as low as $26,000 by last fall. Data from iSeeCars found the Model 3’s price had dropped 24.8%, more than $8,500, in the 12 months from August 2023 to August 2024.

That was the biggest drop of all EV models.

The laws of supply and demand could push that price even lower in months to come. Hertz recently put 30,000 Teslas from its fleet up for sale. And a growing number of Tesla owners are looking to offload their vehicles as part of a backlash against Elon Musk’s recent comments and actions, particularly through his work at DOGE.

Some protests against Musk have even turned violent with some Tesla facilities facing protests, graffiti, and even attacks from people throwing Molotov cocktails.

Recent data from CarGurus shows the price of the average used Tesla was roughly $10,000 lower than other EVs in January of this year.

While all EVs are seeing price declines, Tesla’s drop is far steeper than its competitors’. Year-over-year declines last November, according to iSeeCars, topped 21%. That’s compared to an industry average of 1.4%

Used EV prices for vehicles from Ford, Lexus, Nissan, Hyundai, Acura, and more, however, all saw slight increases in that same time period.

This story was originally featured on Fortune.com

https://finance.yahoo.com/news/tesla-owners-offloading-cars-over-155236295.html


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Fuck you asshole. You supported the assassination of your president so, fuck you!
 

Tesla owners scramble to deal with backlash over the automobile brand — and CEO Elon Musk​

As Musk has carried out mass firings of federal employees across government agencies, a nationwide wave of Tesla vandalism, owner intimidation and protests at dealerships has followed.

In California, the bumper stickers have become almost as common as the once bestselling Teslas on which they appear.

“I bought this before Elon went crazy,” one reads in reference to Elon Musk, the billionaire CEO heading up President Trump’s Department of Government Efficiency group.

“Bought used, no $ to Elon,” another states.

For a state where two Tesla EV models rose to become the bestselling cars in 2023, the turnaround has been stark. Registrations of new Teslas fell in 2024 by 12% from the previous year, according to industry data.

But the bumper stickers belie more than just a drop in sales. As Musk has carried out mass firings of federal employees across government agencies, a nationwide wave of Tesla vandalism, owner intimidation and protests at dealerships has followed.

Police in Portland, Ore., say seven shots were fired on March 6 at a Tesla dealership in an apparent act of political protest.

Six people were arrested and charged with disorderly conduct and resisting arrest at a Manhattan Tesla showroom after 350 demonstrators gathered to protest the Trump administration.

https://www.yahoo.com/news/tesla-ow...obile-brand--and-ceo-elon-musk-211551240.html

BREAKING: HUNDREDS of New Yorkers have swarmed and shut down the Tesla dealer in Manhattan. Six have been arrested after occupying the showroom. Protests are erupting across America to reject Musk's billionaire regime. This is how we beat fascism.
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People investing in so called green energy projects and schemes losing their shirts being far from a new thing....it is damn near the norm.
 
Bigdog said:
After ordering people to buy EVs, now the Left is harassing EV owners. :palm:

Apparently, getting rid of EVs is now more important than saving the planet. Woke cancel culture is NUTZ!
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More likely the climate emergency program is a fraud from those who are trying to enslave us, backed up with pumping who knows what into the atmosphere with airplanes with the intent to cause weather problems to drive our fear and compliance.

If you think our wanna be overlords are not that Evil I remind you of COVID.
 
The idea that COVID was one of the most profound betrayals of humanity ever and the the war we demanded in Ukraine mostly out of the hate of Russians but also because the Evil Imperial Empire needs enemies is one of the most profound military blunders of all of history are connected by more than that they happened at the same time.

Its the same people who did both.
 
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signalmankenneth said:
  • Thinking of selling your Tesla? You won’t get as much as you might expect. Prices for the company’s vehicles have been plunging and now are far below competitors’. That comes as many Tesla owners are looking to unload their cars as a sign of protest over Elon Musk’s actions at DOGE.
Tesla’s stock price isn’t the only thing that has been plunging lately. Resale value on the manufacturer’s vehicles continues to fall, which could come as a big shock to people looking to make a change.
Click to expand...
Tesla stock price isn't plunging.
 
Sounds like prices are getting better for the consumer.

I'd buy one, except I have needs that a sedan will not fill.

Its funny how hatred for Musk translated into hatred for a car. Good thing Ford kept his shit quiet.
 
WinterBorn said:
Sounds like prices are getting better for the consumer.

I'd buy one, except I have needs that a sedan will not fill.

Its funny how hatred for Musk translated into hatred for a car. Good thing Ford kept his shit quiet.
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Indeed.

In 1924, Heinrich Himmler – a leader of the Nazi Party – wrote of Ford that he was “one of our most valuable, important, and witty fighters.” In Mein Kampf (“My Struggle”), Adolf Hitler’s autobiographical manifesto, Henry Ford is the only American referred to favorably, where Hitler calls him the “only a single great man.” He continues, “Ford, [who], to [the Jews’] fury, still maintains full independence… [from] the controlling masters of the producers in a nation of one hundred and twenty millions.”
 
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