More than half of Teslas traded in this year were exchanged for gas cars – but there’s an unexpected reason for switch [Video]

NEW research shows that over half of Teslas have been traded for gas vehicles this year.

Shockingly, that number has decreased by 19% since 2019, when 71% of Tesla cars were traded for gas vehicles.

So far, in 2024, 51% of Teslas were traded in for gas cars and 10% were traded in for hybrid cars, according to Edmunds.

And, in a shocking twist, only 32% of Teslas were traded in for another electric vehicle.

The number of trade-ins has decreased significantly in the past few years, but there’s been one surprising change.

When Tesla owners trade in their vehicles, they opt for an electric vehicle from a legacy automaker.

Legacy automakers, including historic brands such as Ford, Chrysler, and Buick, have recently begun …