"Tesla's used car prices have plunged over 10% year-on-year, driven by a surge in sellers responding to protests against Elon Musk's involvement with DOGE."
"The Model S and Model Y have seen the most significant drops, with their resale values dropping 17.2% and 13.1% respectively, while the Model 3 averages just over $26,000."
In March, used Tesla prices dropped more than 10% compared to last year, marking the largest decrease among car brands, as reported by iSeeCars. This fall in value coincided with a surge of Tesla owners selling their cars amidst increasing protests and vandalism against CEO Elon Musk, especially related to his influence on DOGE. The average resale values for Model S and Model Y plummeted by 17.2% and 13.1%, respectively, even as overall used car prices showed a slight increase. Many former owners cited the protests and Musk's management decisions as reasons for their sales.
Read at Business Insider
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