Tesla to Bud Light: hold my beer!
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From Fortune Magazine
Tesla owners offloading their cars over Elon Musk backlash are in for a nasty surprise
Summarize
Chris Morris
Thinking of selling your Tesla? You won’t get as much as you might expect. Prices for the company’s vehicles have been plunging and now are far below competitors’. That comes as many Tesla owners are looking to unload their cars as a sign of protest over Elon Musk’s actions at DOGE.
The average price of a pre-owned Tesla has been in steady decline for coming up on three years now. In 2022, a used Tesla sold for more than $70,000, but dropped as low as $26,000 by last fall. Data from iSeeCars found the Model 3’s price had dropped 24.8%, more than $8,500, in the 12 months from August 2023 to August 2024.That was the biggest drop of all EV models.
The laws of supply and demand could push that price even lower in months to come. Hertz recently put 30,000 Teslas from its fleet up for sale. And a growing number of Tesla owners are looking to offload their vehicles as part of a backlash against Elon Musk’s recent comments and actions, particularly through his work at DOGE.
Some protests against Musk have even turned violent with some Tesla facilities facing protests, graffiti, and even attacks from people throwing Molotov cocktails.
Recent data from CarGurus shows the price of the average used Tesla was roughly $10,000 lower than other EVs in January of this year.
While all EVs are seeing price declines, Tesla’s drop is far steeper than its competitors’. Year-over-year declines last November, according to iSeeCars, topped 21%. That’s compared to an industry average of 1.4%
Used EV prices for vehicles from Ford, Lexus, Nissan, Hyundai, Acura, and more, however, all saw slight increases in that same time period.
There's only one thing that might reverse this decline. If the violent leftist rioters continue their idiocy long enough for a Tesla movement on the right to form.
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Cybertruck deliveries suspended due to build quality issues.
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https://www.newsobserver.com/news/nation-world/national/article301927034.html
A man wearing a face covering accidentally set himself on fire while burning three Tesla charging stations in an act of protest, South Carolina police said.
Before igniting the flames March 7, the man used red spray paint to write a profane message against President Donald Trump and “long live Ukraine” on the ground next to the charging stations outside of a Mellow Mushroom, according to a North Charleston Police Department report shared with McClatchy News.
Then, he used homemade Molotov cocktails to start the fire, police said. Witnesses told officers the man ran away after accidentally catching his back on fire, according to the report.
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https://www.newsobserver.com/news/nation-world/national/article301927034.html
A man wearing a face covering accidentally set himself on fire while burning three Tesla charging stations in an act of protest, South Carolina police said.
Before igniting the flames March 7, the man used red spray paint to write a profane message against President Donald Trump and “long live Ukraine” on the ground next to the charging stations outside of a Mellow Mushroom, according to a North Charleston Police Department report shared with McClatchy News.
Then, he used homemade Molotov cocktails to start the fire, police said. Witnesses told officers the man ran away after accidentally catching his back on fire, according to the report.
Further confirmation that, “stupid is, what Stupid does”.
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Obviously, he doesnt get out much. 555
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I bet it's not as cool as his wife's reaction when he says nice things about Trump.
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According to recent reports, Tesla insiders have been selling their shares as the company’s stock has experienced volatility. Kimbal Musk, Elon’s brother and Tesla board member, sold 75,000 shares in February 2025.
James Murdoch, who has served on Tesla’s board since 2017, exercised stock options and sold shares worth approximately $13 million on March 10. This sale coincided with the stock’s largest single-day decline in five years.
Other notable sellers include Tesla CFO Vaibhav Taneja, who recently sold $1.7 million worth of shares. Robyn Denholm, chairman of Tesla’s board of directors, reportedly made two sales over the past five weeks totaling $75 million.
While insider selling is common in publicly traded companies, the timing and volume of these sales have raised eyebrows among investors and analysts. Jay Ritter, Emeritus Professor at the University of Florida, told ABC that insider selling is “not a positive signal” for a company’s outlook.
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Insiders sell their own company's stock all the time. I know the article says that the volume was relatively high, but I'm not sure how true that is.
By the way, put your entire portfolio into TSLA this Friday. You'll thank me on Monday.
Education is extremely important.
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We are seriously at a point where conservatives are buying EVs and promoting their stock while liberals are dumping them, setting them on fire, and torching charging stations. Who had this on their Bingo Cards 5 years ago?
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This is wild - I was always a bit surprised that something like electric cars were so politicized and toxic on the right.
Rationality really does seem very subordinate to feelings for humans. (See: righteous mind by Haidt)
I’m not putting myself above that. Very much recognize it in myself too lately.
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Again, just imagine if there were systematic arsons and other destruction across America, of politically targeted leftist businesses, by Magats. To the extent that on Fox news, it was being publicized, and cheered on, and laughed at. The left would be going completely insane. The liberal females of Bluesky would melt that website down.
Link to video -
The really stupid part of this? Elon owns about what? 12%? 65%-70% is owned by various investment funds. Vanguard, Blackrock, etc… These people are fucking over teachers, union workers, and general maintenance street far more than they are hurting Elon….
The Brad
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This is wild - I was always a bit surprised that something like electric cars were so politicized and toxic on the right.
Rationality really does seem very subordinate to feelings for humans. (See: righteous mind by Haidt)
I’m not putting myself above that. Very much recognize it in myself too lately.
@xenon said in Tesla to Bud Light: hold my beer!:
This is wild - I was always a bit surprised that something like electric cars were so politicized and toxic on the right.
EV's, per se, are not toxic on the right. Never have been.
What is toxic on the right, is the state forcing EV's on the public. One ought to be able to drive what you want to drive. And what can work in Europe would be silly as hell in West Texas.
Somebody like Jon, who lives on the East Coast where everything is more compact and range isn't as critical, could probably do ok with a Tesla. It would suck for me...How do you charge a Tesla when a hurricane knocks out the electricity for four days?
Freedom of choice is good!
