Tesla Owners Trading In EVs At Record Rate As Musk Leads Government Agency, Stock Sinks Over 40%

Benzinga

Tesla owners are trading in their vehicles at record rates, according to CNBC. The analysis revealed that March marked the highest-ever share of Tesla trade-ins toward other brands as CEO Elon Musk enters his second month of leading the federal Department of Government Efficiency. Musk has cut government spending and gained access to sensitive data, sparking legal challenges. Tesla shares have fallen over 40% in 2025 amid protests, vandalism, and intensified EV competition.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Tesla owners are trading in their vehicles at record rates, according to CNBC.

00:06The analyst revealed that March marked the highest ever share of Tesla trade-ins

00:10toward other brands. CEO Elon Musk goes into his second month of leaving the Federal Department

00:15of Government Efficiency. Musk has cut government spending and gained access to sensitive data,

00:22sparking legal challenges. Tesla shares have fallen over 40 percent in 2025 amid protests,

00:28vandalism, and intensified EV competition. For all things money, visit Benzinga.com.

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