{"id":17755,"date":"2025-04-06T10:24:42","date_gmt":"2025-04-06T10:24:42","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/used-tesla-market-heats-up-as-owners-sell-to-protest-elon-musk\/"},"modified":"2025-04-06T10:24:42","modified_gmt":"2025-04-06T10:24:42","slug":"used-tesla-market-heats-up-as-owners-sell-to-protest-elon-musk","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/used-tesla-market-heats-up-as-owners-sell-to-protest-elon-musk\/","title":{"rendered":"Used Tesla Market Heats Up as Owners Sell to Protest Elon Musk"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">For the last several months, Ken Harvey has been cultivating a budding side business for his Honda and Mazda dealerships in Northern California: selling used Teslas.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">A few times a month, Mr. Harvey picks up a few pre-owned Teslas at a local automobile auction and offers them for sale, often at surprisingly affordable prices, thanks to a $4,000 federal tax credit that customers get for purchasing used electric vehicles priced under $25,000. Some consumers who qualify for state incentives, he said, end up with used Model 3 sedans for well under $20,000 \u2014 less than half the cost of a new one.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe sold three in the last week, maybe 20 since the beginning of the year,\u201d said Mr. Harvey, whose family owns four Honda dealerships and two Mazda franchises in Alameda County, a suburb of San Francisco where Tesla has a car plant.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe have three in stock now, and two are on the way,\u201d he added. \u201cThey won\u2019t stay around more than a few days.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Welcome to the flip side of the backlash against Elon Musk, Tesla\u2019s chief executive and one of President Trump\u2019s closest confidants \u2014 a thriving trade in used Teslas.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The used Tesla business had been growing for years before Mr. Musk and Mr. Trump became close, but their bonhomie has turbocharged it.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">After surging during the pandemic, the growth in new electric vehicle sales slowed in the last couple of years. That caused Tesla, the leading seller of such cars, to slash prices, pushing down the value of used models.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Then, after Mr. Musk joined the Trump administration, many Tesla owners across the country began selling their vehicles as a form of protest or simply because they no longer wanted to be associated with the company.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">That movement has accelerated in the last two months as Mr. Musk has taken charge of what he and Mr. Trump call the Department of Government Efficiency. While not a government department, this federal office has been empowered by the president to fire government employees and dismantle agencies. Some of Mr. Musk\u2019s statements and actions \u2014 including a stiff-armed hand gesture that many people interpreted as a Nazi salute \u2014 have angered Tesla owners and others who once admired the automaker.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Dr. Jerome Winegarden of Ann Arbor, Mich., said goodbye to his Tesla, a Model 3. Although he had driven it only 35,000 miles, he traded it in last month for a Ford F-150 Lightning electric pickup. The car fetched $18,000 as a trade-in, well below the original sales price of around $40,000.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cI just became increasingly concerned with Elon Musk and what he was doing, and the Nazi salute was the tipping point,\u201d Dr. Winegarden, 54, said. \u201cThe symbolism was just too much. I felt shame just driving the car.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Tesla did not respond to a request for comment.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">In recent weeks, protests have flared at Tesla showrooms, and in some cases Tesla vehicles, charging stations and buildings have been set on fire or vandalized. A group called Tesla Takedown has been urging Tesla owners to sell their cars and investors to sell Tesla stock. In the past month, the group has organized dozens of protests at Tesla showrooms and other locations in the United States, Europe, Australia and New Zealand.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Overseas, the rejection of Mr. Musk\u2019s politics and his association with Mr. Trump has had a pronounced impact on Tesla\u2019s business. Its sales in 25 European nations fell about 45 percent in the first two months of the year, according to Jato Dynamics, a market researcher.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">While auto analysts believe Mr. Musk\u2019s political activities play a role in Tesla\u2019s sales trends in the United States, the exact impact is hard to pin down, in part because Tesla does not break out its U.S. sales. European sales totals are easier to compile because new-car registration data is released monthly by government agencies.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">It is clear that the number of used Teslas for sale in the United States is increasing. AutoTrader.com listed about 11,700 used Teslas for sale by dealers and private sellers in late March. That was up from about 8,000 at the beginning of the year.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">According to another auto data provider, Edmunds, more Teslas are being traded in to dealers. In March, Teslas from the 2017 model year or newer made up 1.4 percent of the vehicles traded in for new or used cars and trucks purchased at dealerships \u2014 up from 0.4 percent a year ago.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Stephanie Valdez Streaty, director of industry insights at Cox Automotive, a company that owns AutoTrader.com and the car auction business Manheim, noted that Tesla\u2019s sales climbed significantly in 2020 after it introduced the Model Y. And those higher sales could be a reason more used vehicles are now being sold and traded in.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">She said she believed that Mr. Musk\u2019s politics were hurting Tesla\u2019s brand, \u201cbut we don\u2019t have enough data yet to pinpoint exactly what\u201d the impact is.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-5\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Enzo Costa, director of sales for the Patrick Dealer Group, a family-owned company that has eight dealerships in the Chicago area, said many customers were trading in Teslas, including 10 last week.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Unlike Mr. Harvey, the California dealer, Mr. Costa usually sends traded-in Teslas to wholesale auctions rather than selling them to individuals. That\u2019s mainly because Tesla prices have been very volatile. In the past month, Mr. Costa said, he has seen the value of used Teslas fall 10 to 15 percent.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe Tesla market changes so frequently that I\u2019m not going to take any chances,\u201d he said. \u201cI\u2019m sending them to auction to get top value out of them before they really start dropping.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In California, Mr. Harvey said demand for affordable Teslas was solid despite Mr. Musk\u2019s political endeavors. The cars appeal to many customers who cannot afford new electric vehicles but want to buy one to avoid California\u2019s high gasoline prices.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe see a lot of ride-share drivers, and younger, first-time buyers who wouldn\u2019t ordinarily buy a Tesla,\u201d he said. \u201cFor the time being at least, this has become a great opportunity for our dealerships and the customer.\u201d<\/p>\n<p class=\"css-798hid etfikam0\">Robert Chiarito<!-- --> and <!-- -->Anusha Bayya<!-- --> contributed reporting.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/04\/06\/business\/used-tesla-elon-musk-trump.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the last several months, Ken Harvey has been cultivating a budding side business for his Honda and Mazda dealerships<\/p>\n","protected":false},"author":1,"featured_media":17756,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[5579,3569,332,4294,331,475,114,329,511,135,1224,510,134,476,330,334,113,168,111,5578],"class_list":["post-17755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-alameda-county-calif","tag-automobile-service-and-charging-stations","tag-automobiles","tag-customer-relations","tag-deductions-and-exemptions","tag-demonstrations","tag-donald-j","tag-electric-and-hybrid-vehicles","tag-elon","tag-fees-and-rates","tag-government-efficiency-department-us","tag-musk","tag-prices-fares","tag-protests-and-riots","tag-tax-credits","tag-tesla-motors-inc","tag-trump","tag-united-states","tag-united-states-politics-and-government","tag-used-cars"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - 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