The post Americans interest in ‘sell my used Tesla’ skyrockets 700% on Google appeared on BitcoinEthereumNews.com.

The number of Americans looking to sell their used Tesla (NASDAQ: TSLA) vehicles has surged to an all-time high, coinciding with a challenging period for the company. Specifically, search interest for the phrase “sell my used Tesla” has skyrocketed 733% in March, according to Google Trends data retrieved by Finbold on March 22. The search term had a score of 12 for the week of March 2-8 before spiking to a peak popularity score of 100 by the week ending March 21. Over the past year, interest in the phrase remained flat, with minimal activity until the sudden surge in March. 12-month search interest in ‘sell my used Tesla.’ Source: Google Trends California, Florida, and Virginia have the highest concentration of searches, with Washington and Texas also showing notable interest. This online trend appears to align with real-world market data. To this end, online automotive resource platform Edmunds has observed a growing number of Tesla owners opting for trade-ins, signaling a potential shift in consumer sentiment toward the electric vehicle (EV) giant. Data provided by the platform indicates that in the first two weeks of March, Tesla models from 2017 or newer accounted for 1.4% of all trade-ins, up from 1.2% the previous month. Estimates indicate that if this trend is sustained, March will record the highest monthly share of Tesla trade-ins. Tesla’s growing headwinds The rising interest in selling used Tesla vehicles coincides with a period when the company continues to battle multiple headwinds, such as declining sales and increasing competition from Chinese EV makers.  However, the need to offload Tesla vehicles may also be partly linked to the backlash against CEO Elon Musk, whom some critics view as polarizing due to his association with far-right political figures. Musk’s role at the Department of Government Efficiency (D.O.G.E), which aims…

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Filed under: News - @ March 22, 2025 9:17 pm