March has been a month of back-to-back blows to Elon Musks Tesla, and now theres yet another concern to add to the list.New data from Edmunds shows that Tesla drivers are on track to trade in their vehicles at an all-time high this month. According to the report, Tesla cars from model year 2017 and newer accounted for 1.4% of all vehicles traded in until March 15up 0.4% from March 2023 and 1.2% from last month.If the trend continues in the second half of March, it will represent a bleak new record of dissatisfied Tesla customers. The trade-ins are representative of the wide-scale backlash faced by the brand as Musk, its billionaire CEO, claims unprecedented administrative power in the U.S. government even while Teslas vehicles are recalled at alarming rates. Teslas backlog of woesTeslas stock has been on a sharp decline since early December, a trend thats only been exacerbated by investors mounting fears surrounding Musks sweeping cuts to federal programs and funding through the so-called Department of Government Efficiency (DOGE).The brands problems are mounting almost too quickly to count: plummeting sales in Europe and China, major advancements from Chinese EV competitor BYD, a spike in both Tesla vandalisms and wide-scale protests in response to DOGEs cuts, and then Thursdays recall of nearly all Cybertrucks. The recall was due to an exterior panel that could detach during drivingand its just one of a laundry list of design issues that have historically plagued the brand.All of this has culminated in an increasingly negative outlook for Tesla. As of yesterday, the brands stock is down 42% since the beginning of 2025, with some analysts estimating that Musk has lost more than $100 billion since December (though its important to note that shares are still up more than 40% year over year.) And now, Edmundss new data shows that even Tesla drivers are feeling less confident about the companys vehicles.In an interview with Reuters, Edmundss head of insights, Jessica Caldwell, said, Brand loyalty is becoming a bigger question mark as factors such as Elon Musks increasing public involvement in government, Tesla depreciation concerns, and its increased saturation in major metro areas leave some longtime owners feeling disconnected from the brand.According to Reuters, Edmunds analysts predict that used-Tesla prices will likely decline as Tesla trade-ins reach the market. Thats on top of a Fast Company analysis earlier this month that found that the price of used Tesla Model 3 and Model Y vehicles depreciated more than any other cars in 2024.Over the past couple months, some regretful Tesla owners have resorted to putting bumper stickers on their vehicles with such phrases as, I bought this before we knew Elon Musk was crazy, or even attempting to rebadge their Teslas entirely to distance themselves from the brand (and no doubt, avoid potential vandalism). Based on Edmundss new data, it seems that many are deciding to take their disavowal one step further.