Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Second-hand Teslas flood UK market as Elon Musk’s politics take toll

by March 8, 2025
March 8, 2025
Second-hand Teslas flood UK market as Elon Musk’s politics take toll

The UK’s second-hand Tesla market has hit unprecedented levels, with 4,822 used vehicles listed in February alone, according to data from Auto Trader.

This figure represents a 36 per cent increase from December and a 70 per cent jump on the same month in 2024, signalling mounting pressure on the electric car pioneer.

Industry insiders suggest that Elon Musk’s outspoken political views – including perceived alignments with Donald Trump and far-right European parties – are alienating some British buyers. Tesla’s technological edge over competitors has also narrowed, deterring drivers who were once drawn to the brand’s innovations and sleek designs.

Thom Groot of the Electric Car Scheme said that there had been a notable drop in consumer enthusiasm for Tesla over the past few months, while a senior executive at a major leasing firm likewise notes that “some people are cancelling orders, explicitly because of Musk’s politics.”

As more Teslas flood the market, used car prices are tumbling. A three-year-old Model 3 now averages £20,887 on Auto Trader, marking a 17 per cent decline year-on-year – compared to an 8.2 per cent drop for the wider EV sector in that same period. These trends reflect both Tesla’s waning brand strength and broader competition across the electric car space.

Tesla’s share price has plummeted by over 30 per cent this year, as indications of slackening demand have surfaced in key international markets, including China, Australia, and Germany. And while UK sales of new Teslas rose 21 per cent in February – boosted by a last-minute rush ahead of a tax rise on electric vehicles – that figure lagged the wider 41.7 per cent jump in EV sales overall.

Industry experts believe the combination of Musk’s political activism, fewer new Tesla models, and evolving consumer taste for rival EVs explains the ongoing slide in the brand’s appeal. Where once the Model 3 stood out, now BMWs, Lexuses, and other premium marques are rivalling Tesla on both performance and price, adding extra competitive strain to the once-dominant electric car maker.

Read more:
Second-hand Teslas flood UK market as Elon Musk’s politics take toll

0
FacebookTwitterGoogle +Pinterest
previous post
Trump announces US ambassador nominations that include mayor of Michigan city
next post
Business secretary signals major shift on electric car policy to safeguard Nissan’s UK future

You may also like

Gail’s chairman warns labour’s workers’ rights plans may...

November 29, 2024

Germany to pay December gas bills for households...

October 11, 2022

Aston Martin limits US exports as Trump tariffs...

April 30, 2025

The Employee Development Plan: How to Create It...

July 30, 2023

Manufacturing fall is fastest since pandemic, CBI survey...

December 20, 2022

Carpetright Paralysed by Cyberattack: Online and In-Store Trading...

April 23, 2024

Farmers protest inheritance tax changes as ministers unveil...

November 18, 2024

Getting To Know You: Zoë Scorer, MD, Conscious...

July 23, 2024

Presence & people – key success factors for...

June 20, 2024

Poor outlook for growth could limit scope for...

February 28, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Balancing Public Safety and Individual Freedom: A Doctor’s Take on the ACIP Overhaul

      June 10, 2025
    • Iran becoming ‘much more aggressive’ in nuclear talks, Trump tells Fox News

      June 10, 2025
    • State Department reveals plan to deliver ‘life-saving’ meals to 1.4M starving children

      June 10, 2025
    • Micron’s Coiled for An Explosive Move (Up or Down): Here’s What You Need to Know Now

      June 10, 2025
    • What Is the Opportunity Cost of State AI Policy? A New Cato Policy Analysis Discusses

      June 10, 2025
    • ‘Blazing the trail for others’: easyJet founder Sir Stelios awards £300,000 to disabled entrepreneurs transforming care, baking and logistics

      June 10, 2025

    Categories

    • Business (8,175)
    • Investing (2,024)
    • Politics (15,586)
    • Stocks (3,139)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved