The study, by media company EenVandaag, found that nearly three in ten owners are considering selling their vehicles.
Participants admitted feeling embarrassed to own the brand due to Musk’s behavior, according to The New York Post.
Online, many Tesla owners have voiced frustration with some taking serious action, like selling their car, to distance themselves from Musk and the brand.
One user, Canna — Lucente said “I’m not considering. Already done it. Just waiting for the new one (non-Tesla) to be delivered.”
Another user, RicLP responded “I’m not going to sell mine. What’s the point? I am, however, never going to buy another. I also will not work for, buy, or use any service where he has his greasy little paws in.”
Several users debated whether it was worth selling their cars now given the deprecation.
However, depreciation is an expected reality with new cars, from the moment you drive it off the dealership lot, you’ve lost money.
A new car could drop by 10-15 percent in the first year alone and then continue to decline at a rate of about 15 percent each year.
But it is worse for electric vehicles (EVs), a study of 1.1 million cars sold between November 2022 and October 2023 by iSeeCars revealed the average electric car depreciates by 49.1 per cent in the first five years on sale, compared to the market average of 38.8 per cent.
Musk’s antics are not just damaging the brand but also its long-term financial health.
Meanwhile, Elon Musk asked a federal judge to dismiss a proposed class action by voters who said the world s richest person defrauded them into signing a petition to support the U.S. Constitution for a chance to win his $1 million-a-day giveaway.
In a late Friday filing in the Austin, Texas federal court, Musk rejected the claim the giveaway was an illegal "lottery" that violated a Texas law against deceptive trade practices.
Arizona resident Jacqueline McAferty claimed that Musk and his political action committee America PAC falsely induced voters in seven battleground states to sign the petition by promising that winners would be chosen randomly.
Musk founded America PAC to support Republican Donald Trump s successful 2024 presidential run.
According to Musk, however, voters were told they would be reviewed for an opportunity to earn the $1 million by becoming America PAC spokespeople.
This, Musk said, defeated any notion that the money was a "prize" to be won.
"Make no mistake: an eligible voter s opportunity to earn is not the same thing as a chance to win," Musk said.
Chance, he added, "was not involved here."
Musk also rejected the suggestion that petition signers suffered harm by providing their names, addresses and phone numbers, which they said Musk and America PAC could then sell.
Lawyers for the proposed class did not immediately respond to requests for comment on Sunday.
The lawsuit was filed on Election Day, Nov. 5, 2024.
A day earlier, a Philadelphia judge refused to end Musk s giveaway, saying that city s top prosecutor also failed to show it was an illegal lottery.
McAferty s lawsuit seeks at least $5 million in damages for everyone who signed the petition.
Musk is a Texas resident and his electric car company Tesla is based in Austin.
The case is McAferty v Musk et al, U.S. District Court, Western District of Texas, No. 24-01346.
