Overall used car prices increased last month for the first time in two-and-a-half years — but not for every automaker. Tesla (TSLA) topped the list of used cars with the biggest yearly resale price drops as the company continues to see its value crater amid the public’s negative association with CEO Elon Musk.

As a special government employee, Mr Musk was limited to 130 days in his role. In April, he dismissed reports suggesting he would leave his position in the coming months, calling the rumours "fake news".