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tesla trade-ins surge as brand loyalty wanes amid musk's political involvement
Tesla trade-ins have surged to 1.4% of all vehicles, up from 0.4% a year ago, amid growing backlash against Elon Musk's political involvement and concerns over brand loyalty. As sales decline in Europe and stock prices plummet, rival EVs like the BMW i4 and Hyundai Ioniq 5 are capitalizing on this shift in consumer sentiment.