Recent events have shifted public perception of Tesla, with many owners feeling pressured to distance themselves from Elon Musk's controversial actions. This has spurred a rise in trade-ins among Tesla owners, as demonstrated by protests and an increase in vandalism. High-profile individuals like Sheryl Crow and Senator Mark Kelly have sold their Teslas, voicing dissatisfaction with Musk's political affiliations. Analyst Robby DeGraff notes a notable increase in the number of previous Tesla owners swapping their vehicles for competitors like Lucid and Polestar. The phenomenon is being termed the 'Great Tesla Sell-Off.'
The Great Tesla Sell-Off is producing a glut of pre-owned Teslas as owners distance themselves from Elon Musk's controversial actions, marked by rising trade-in rates.
Demonstrators marched outside all 277 Tesla showrooms in the U.S.; vandalism against Teslas is a response to Musk's behavior, changing public perception significantly.
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