Used Tesla Prices Plummet as EV Market Shifts

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, highlights new data showing a sharp decline in used Tesla prices. While the average used car price rose slightly year-over-year, used EVs dropped by 8%, and Tesla’s models led the decline—down as much as 16%. McIntyre notes speculation that Elon Musk’s controversial political associations may be contributing to the downturn in resale value.