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Barchart
Nauman Khan

Used Tesla Prices Are Plunging. Is This the Final Nail in the Coffin for TSLA Stock?

Tesla Inc. Elon Musk China

Problems for Tesla (TSLA) continue to mount amid tariff uncertainty and brand backlash over CEO Elon Musk’s political role. Protests targeting Tesla showrooms have dented its image, and Q1 results, hurt by a sharp drop in sales, fell below expectations.

The stock did rally about 5% after Musk said he would step back from the Department of Government Efficiency to give more attention to the EV maker. Yet underlying issues persist. Recent data from used-car listings show Tesla’s resale values plunged double-digits in March, far steeper than any other brand. The Model S led with a 17.2% year-over-year drop, followed by the Model Y at 13.1%, the Model 3 at 10.9%, and the Model X down 7.3%.

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