Your #1 source for auto industry news and content

New survey says the ‘disapproval of Elon’ is driving Model 3 owners to sell their EVs

Bloomberg recently released the results of a thorough survey of 5,000 Tesla Model 3 consumers, most of which highlights Elon. 

Since the acquisition of Twitter, Elon Musk has frequently shared his political and social views, as well as controversial conspiracy theories. This has altered people’s minds about Musk, and many have suggested his statements may harm the Tesla brand.

However, Musk dismissed concerns claiming to be “More popular than ever before” based on his Twitter follower count. Until recently, there’s been little evidence to suggest his behavior has negatively affected Tesla. Bloomberg recently released the results of a thorough survey of 5,000 Tesla Model 3 consumers, most of which highlights Elon. 

Amongst the Model 3 owners who sold or replaced their vehicles for another brand reported the top reason for the departure was due to their “disapproval of Elon Musk.”

The top seven vehicle departure explanations for Model 3 owners are as follows:

  • Disapproval of Elon Musk | 21.5%
  • Worries about the product or service | 18.7% 
  • Unhappy with Tesla’s brand perception | 17.8%
  • Too expensive | 13.1% 
  • Other | 11.2%
  • Tesla didn’t offer the style of vehicle needed | 10.3%
  • Switch to a gas vehicle for convenience | 7.5% 

On the other hand, the survey found 87% of Model 3 owners are considering a Tesla for their next vehicles. This implies it’s a fairly small percentage of people who are actually walking away from the brand overall. In addition, roughly one in five of those people leaving the brand is because of Musk. 

It’s important to note that the rest of the survey is glowing for the Model 3, as most owners appear to be extremely happy with their purchase and how their vehicle maintains its operations. 

Stay up to date on exclusive content from CBT News by following us on Facebook, Twitter, Instagram and LinkedIn.

Don’t miss out! Subscribe to our free newsletter to receive all the latest news, insight and trends impacting the automotive industry.

CBT News is part of the JBF Business Media family.

spot_img
Jaelyn Campbell
Jaelyn Campbell
Jaelyn Campbell is a staff writer/reporter for CBT News. She is a recent honors cum laude graduate with a BFA in Mass Media from Valdosta State University. Jaelyn is an enthusiastic creator with more than four years of experience in corporate communications, editing, broadcasting, and writing. Her articles in The Spectator, her hometown newspaper, changed how people perceive virtual reality. She connects her readers to the facts while providing them a voice to understand the challenges of being an entrepreneur in the digital world.

Related Articles

Latest Articles

From our Publishing Partners