Get the latest tech news
The used Tesla market is crumbling | CNN Business
As Elon Musk continues to take an outsized and controversial role in the US government, reports of harassment of Tesla owners and vandalism of showrooms and vehicles are on rise. That may, in part, be contributing to plunging resale values and interest in used Teslas in the United States.
Despite the record low prices for a Tesla on the used market and a prominent advertisement by the president of the United States, the cars have been having a tough time finding buyers, according to a March survey from Cars.com. “I would sell it in a heartbeat if somebody offered me a decent price, but the chances of that happening probably not the case,” Pam Perkins, who’s from Northern California, told CNN this month. It may be easy to look at public outrage and say the brand is weakening, Ike Silver, assistant professor of marketing at University of Southern California told CNN, but the reality is more complicated: As it’s losing followers in one demographic, it could pick up fans in another.
Or read this on r/technology
