The second-hand Tesla market of the VK has reached unprecedented levels, with 4,822 used vehicles that are only mentioned in February, according to data from Auto Trader.
This figure represents an increase of 36 percent compared to December and a jump of 70 percent on the same month in 2024, signaling current pressure on the electric car pioneer.
Insiders from the industry suggest that the pronounced political views of Elon Musk-Including observed coordination with Donald Trump and extreme right-wing European parties-smuggling British buyers alienated. Tesla’s technological lead compared to competitors also has drivers who were once attracted by the innovations and strict designs of the brand.
Thom Groot of the electric car scheme said that there had been a remarkable decrease in consumer’s enthusiasm for Tesla in recent months, while a senior executive at a large lease company also notes that “some people cancel orders, explicitly because of Musk’s politics.”
As more Teslas flood the market, languages the prices of the cars used. A three-year model 3 is now an average of £ 20,887 on Auto Trader, which marks a fall of 17 percent on an annual basis with a decrease of 8.2 percent for the wider EV sector in the same period. These trends reflect both Tesla’s decreasing brand strength and wider competition in the electric car space.
The stock price of Tesla has plummeted by more than 30 percent this year, since the instructions for the reduced question have emerged on important international markets, including China, Australia and Germany. And while the British sale of new Teslas increased by 21 percent in February by a last-minute hurry for a tax increase on electric vehicles-walking that figure behind the wider jump of 41.7 percent in EV sales in general.
Industry experts believe that the combination of Musk’s political activism, less new Tesla models and evolving consumer taste for rival EVs explains the constant slide in the appeal of the brand. Once the Model 3 stood out, BMWs, Lexuses and other Premium Markes are now matching Tesla on both performance and price, which adds extra competitive voltage to the once dominant electric car maker.