Record the Political Records of Elon Musk, a waste dump of Tesla cars used – which are now selling for thousands of market value – Tesla (NASDAQ: TSLA)

A violent reaction against Elon Musk Steel, a record number from Tesla, Inc. Timing Malcon is rushing to empty their vehicles, dump the used market and drive prices.

What happened: The used car market witnessed a record increase in Tesla lists in March, with more than 13000 Teslas used for sale on Autotrader, according to Cox Automotive, I mentioned Business Insider.

This represents an increase of 67 % year on an annual basis and comes amid protests at the country level called “Tesla Al-Izalah”, which targeted the growing political affiliations of musk-including that His role as president Doug and link close relationships with Donald Trump administration.

See also: Elon Musk’s father defends Tesla, the son says, “He does the right thing” and the stocks will recover to $ 600 by 2025: Here are what analysts think about Tesla

A spokesperson for COX Automotive told the post that the height in the pisted lists with two main meanings: the massive growth of Tesla between 2021 and 2023, which nourishes naturally in the market now used, and the increasingly polarized Musk image.

“We cannot ignore the effect of the prominent new Elon Musk function like Duj Boss and the president. This certainly affects some owners and buyers,” said a spokesman.

Stephanie Valdez StartiThe director of industrial visions at COX Automotive said that the political and public Musk character creates “great challenges” for Tesla, which doubles issues such as increasing competition and the assortment of old vehicles.

Why do it matter: Increase in Tesla inventory used on prices. According to Cargurus, the average Tesla is now selling about $ 10,000 less than other electric cars, the report indicated.

Tesla is trying to restore momentum through two main lanes this year: more affordable EV model expected in the first half and a roboti service scheduled for the first time in Austin, Texas, in June.

According to the COX Automotive report, the American EV market has seen 10.6 % on year on the first quarter of 2025, although Tesla decreased.

Nevertheless, Tesla remains a dominant force in the local EV market. Although a 8.6 % decrease in sales on an annual basis, Tesla still leads this sector with a market share of 43.5 %.

Tesla’s expansion in new markets, such as Saudi Arabia, highlights its global ambitions despite the challenges in Europe. However, a new survey of consumers in March revealed that Musk makes Americans less inclined to buy a new Tesla.

According to Benzinga’s backup categories, Tesla has a momentum of 90.20 % and a growth classification of 67.67 %. For more stock visions and growth opportunities, subscribe to Benzinga Edge.

The purpose of the consensus price for Tesla is $ 299.99, based on assessments of 29 analysts. Benchmark set the highest goal at $ 475 on February 12, while Glj Research gave the lowest level at $ 24.86 on the same day. The last three prices of UBS, Mizuho and Benchmark on average about $ 305, indicating a possible increase of 20.58 %, according to Benzinga Pro Data.

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.

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