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.
