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

FCA to allow millions free financial support in...

June 30, 2025

Next in talks to take £15m stake in...

August 8, 2022

International technology conference in Las Vegas unveils gadgets...

January 8, 2024

AI predicts which online-only stores may make appearance...

July 4, 2023

Prime Minister says people ‘not idiots’ and know...

January 20, 2023

This Company is Leading the Supply Chain Revolution

September 13, 2022

Ten construction firms fined total £60m for ‘illegally...

March 24, 2023

Carmakers recover ground in first three month of...

April 28, 2023

Why Do Dogs Get the Zoomies: The Science...

March 21, 2023

Stormzy invests in Padel Social Club as padel’s...

December 16, 2024

    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

    • Omaha city councilman mounts bid to succeed outgoing House Republican Rep. Don Bacon

      July 3, 2025
    • Frasers Group secures potential £3.5bn war chest to fund growth and acquisitions

      July 3, 2025
    • Roomix raises £850k to expand family-focused custom furniture platform

      July 3, 2025
    • House advances Trump’s massive agenda bill after fiscal hawks cave

      July 3, 2025
    • Technological Innovation: How are Greece and the UK Leading the Way?

      July 3, 2025
    • Trump turns to Supreme Court in fight to oust Biden-era consumer safety officials

      July 3, 2025

    Categories

    • Business (8,368)
    • Investing (2,094)
    • Politics (15,923)
    • Stocks (3,187)
    • 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