Tesla trade-ins spike amid anti-Elon Musk backlash, Edmunds data shows
CBSN
Motorists appear to be eager to part ways with their Tesla vehicles, with Tesla trade-ins reaching a record high this month, according to data from Edmunds. The rise in exchanges comes amid attacks on Tesla cars and dealerships taking place across the country as people protest Elon Musk's role within the Trump administration.
In March, the highest share ever of Teslas from model year 2017 or newer were traded in toward new or used purchases at dealerships, according to Edmunds, a U.S. car shopping website. Notably, the trade-ins were not used toward purchases of new Teslas. The Tesla EVs accounted for 1.4% of all vehicles traded in until March 15, marking a 0.4% rise from a year ago.
Edmunds' data also indicates a dip in customers eyeing Teslas, based on browsing data on its website.
