According to data from the U.S. car shopping website Edmunds, Tesla trade-ins have reached an all-time high in March 2025. Teslas accounted for 1.4% of traded-in cars through March 15, marking a nearly 300% increase from the same period last year when Teslas made up only 0.4% of trade-ins. The report also highlights a decline in consumer interest for vehicles similar to Tesla’s from other manufacturers. Jessica Caldwell, Edmunds’ head of insights, noted that switching car brands is a significant financial decision, implying that even disillusioned Tesla owners may hold onto their vehicles out of necessity. Additionally, Tesla shares have almost halved from their December 2024 highs, and the company is recalling nearly all its Cybertrucks for the eighth time due to an issue with stainless steel trim. Amidst these challenges, Tesla CEO Elon Musk urged employees not to sell their stock despite market concerns. However, top officers at Tesla have sold over $100 million worth of stock since February. — news from HuffPost