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New Brunswick Auctions Off 11 Unused Teslas Amid Decline

4/12/2025

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Summary

Story summary

The New Brunswick government is set to auction off its 11 unused Teslas, each originally costing $82,000, as they face declining value amid U.S. tariffs and CEO Elon Musk's polarizing reputation. Premier Susan Holt highlighted that the decision comes as Tesla's global sales wane due to rising competition and Musk's controversial political connections.

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Story summary

The New Brunswick government is set to auction off its 11 unused Teslas, each originally costing $82,000, as they face declining value amid U.S. tariffs and CEO Elon Musk's polarizing reputation. Premier Susan Holt highlighted that the decision comes as Tesla's global sales wane due to rising competition and Musk's controversial political connections.