Just a few years ago, owning a Tesla was considered a badge of honor by many. Back when electric vehicles were still far from mainstream, driving a Tesla symbolized environmental awareness and a commitment to technological innovation. However, this perception has undergone a drastic transformation.
Elon Musk, the once-revered tech visionary, has become a highly polarizing figure in recent years. His political alignments—most notably his support for controversial figures like Donald Trump—have significantly tarnished Tesla’s previously positive public image. For many former supporters, this shift in tone has been deeply disappointing. On top of that, reports of vandalism and hostility toward Tesla vehicles are on the rise, further eroding public sentiment. As a result, owning a Tesla no longer carries the same appeal—it has, for some, become a liability.
Used Tesla Listings Skyrocket
The impact of this shift is most evident in the used car market. According to data from Autotrader, one of the leading platforms for second-hand vehicle sales in the U.S., Tesla listings surged dramatically in March. During the last week of the month alone, the number of new Tesla ads jumped by 67% compared to the previous week—an unmistakable sign that many owners are eager to part ways with their vehicles.
Moreover, the trend isn't confined to used cars. New Tesla sales have also taken a hit. While electric vehicle sales in the U.S. rose by 10% in the first quarter of 2025, Tesla sales actually fell by 9%—a stark contrast that signals trouble for the EV giant. Once the undisputed leader in electric mobility, Tesla now finds itself facing an existential challenge.
With Elon Musk’s controversial persona increasingly casting a shadow over the company, Tesla appears to be entering a period of instability. The growing disconnect between Musk and his investors may further deepen the crisis. The key question now is whether Tesla can recover its footing—or if the exodus will continue.