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A record number of used Teslas have flooded the market ("more than 13,000 used Teslas were up for sale, according to the data. That's up 67% year over year.")
Cox Automotive, the parent company of Autotrader, reported that more than 13,000 used Teslas were up for sale in the final week of March.
The data, which was first reported by Sherwood, comes as more Tesla owners tried to offload their vehicles amid ongoing backlash over Elon Musk's political work with DOGE. "It's undeniable that Elon Musk is an influential factor whose actions are impacting the brand's image and sales, and only time will tell if Tesla can successfully navigate this critical juncture and find a new engine for growth," Streaty said. The company said it was on track to begin production of a "more affordable" model by the end of the first half of the year, and it's also planning to launch its robotaxi service in Austin, Texas, in June.
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