Thursday, February 6, 2025

The Elon effect? Now Tesla's prices are plummeting

Prices for used Tesla models are plummeting in Europe's largest car market, Germany. Here in Denmark, searches for the brand have also dropped significantly.

Used cars are falling in price. It's no secret. But in just a few days, the price of used Teslas in particular has taken some serious hits.

This is reported by the media Wirtschaft Woche based on figures from Autoscout24.

The Tesla Model S has lost 13 percent of its value, the Model Y 17 percent, while the smallest Model 3 scrapes the bottom with a 19 percent loss in value.

Among the other electric car brands, the loss in value is 'only' around 4 percent. Here in Denmark, Bilbasen.dk reports that fewer and fewer searches are being registered for Teslas as used cars. And earlier this week, Boosted was able to tell how some owners believe they suffer from Tesla shame.

A journalist at Aarhus Stiftstidende has even called himself a hypocrite because he drives around in a white Tesla. White, just like all the other cars in the area.

On the other hand, Elon Musk's involvement in everything from Tesla to space and politics isn't exactly something that seems to scare customers away.

A new German study shows that one in five drivers is actually considering buying a Tesla solely because of Elon Musk.

Tesla is neither the first nor the last car brand to have gotten people on their feet and sparked debate in their living rooms. But right now, there is just one brand that is grabbing the most headlines. And that's both at home and abroad.

Tesla can also note that customers haven't exactly disappeared. Chinese media reported last week that 73,000 drivers in the country pre-ordered a facelifted Model Y in the days immediately following the model's online launch.

This, even though drivers have not yet had the opportunity to see the car in person. Or at best in much other than Tesla's own photos. Here in Denmark, the brand has only just presented the model at its premises in Aarhus. And that required registration to attend.

Latest

Don't miss

Nobody wants to own Trump's Mercedes – it's been sitting idle for 11 years

A Mercedes 560 SL, delivered to Donald Trump in...

New figures: 4 out of 10 Norwegians do not want to own an electric car

Electric cars account for almost 90 percent of Norwegian...

Losing billions – but now their electric cars are making a profit

Last year, the General Motors Group earned $6 billion...

Successful car brand flops miserably in Denmark

For Fiat in Denmark, things have only come so...

Toyota to install hydrogen stations across Europe

Despite obvious doubts, Toyota still believes there is room...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

There are now less than 2.5 million fossil cars in Denmark.

The latest figures show that there are now less than 2.5 million fossil-fuel cars in Denmark. On the other hand, electric cars are lagging...

Monitoring the car brands – now they are going to fire 1,000 people

The EPA - or Environmental Protection Agency - which enforces US environmental laws against car brands, is announcing layoffs of 1,000 employees. Trump has...

Volvo loses billions – has never been worth less

Volvo Cars' stock has hit a new low. In fact, the car brand has never been worth less after the market's reaction to the...

Car brands are firing all their dealers in Denmark

On February 6, both Ford and Hyundai, which are imported into Denmark by the same Nic. Christiansen group, announced that all dealers had been...

Jason Watt becomes Formula 1 commentator – debut March 16

The former racing coach joins Viaplay's Formula 1 team and makes his debut as an expert and commentator at the Australian Grand Prix. When...

Newspaper: EU regrets ban on petrol and diesel cars

According to the German newspaper Der Spiegel, several EU-elected politicians now regret the strict ban policy aimed at gasoline and diesel cars. The European...

Tesla plummets in Germany – sales more than halved

Tesla sales are plummeting in Europe's largest car market. The Americans sold just 1,277 cars in Germany during January. That's a drop of 59...

Russia's new electric car runs on 50 screwdrivers

Okay - the car may not be new. But there's still room for the 50 screwdrivers, right where the Lada's engine would otherwise have...

Car brand in crisis – cuts everything by 70 percent

Mitsubishi is not doing well at the moment. The brand, which is practically dormant in Denmark, is now lowering its expectations for 2025 by...

ISUZU D-MAX dominates the pickup market in Denmark

ISUZU D-MAX became the best-selling pickup in Denmark in January with a market share of 40.48%. New sales figures show that the model continues...

Volvo accuses KÃ¥re of smashing his own electric car

Volvo believes a Norwegian man has crashed his own electric car. In any case, the accelerator was pressed all the way down, says the...

Volkswagen unveils new electric car for 150,000 kroner

The director of Volkswagen, Thomas Schäfer, believes that it will be like entering the Champions League with an electric car for 150,000 Danish kroner....