The resale value of Tesla used cars is declining as owners sell their cars due to the accumulated backlash over Elon Musk’s involvement in his Department of Government Efficiency (Doge). The average price of a used Tesla car fell by more than 10 percent in March, compared to the same month last year, according to data from iSeeCars, a website specializing in used cars. This is also the largest decline for a single automotive brand within the data tracked by the aforementioned site. Used Model...

Tesla knocked $2,000 off the prices of three of its five models in the U.S. Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S., and also of the Models X and S, its older and more expensive models. Prices for the...