Market Overview Senior Analyst On Tesla Sell-Off: 'There Is Definitely A Relationship Between Gas Prices And Electric Cars'

Related TSLA
12 Stocks You Should Be Watching Today
Earnings Scheduled For February 22, 2017
Tesla: Model 3 Update - What To Look For (Seeking Alpha)

When asked about why shares of Tesla Motors Inc (NASDAQ: TSLA) might be trading down Wednesday, Senior Analyst for Jessica Caldwell told Benzinga that gas prices “certainly” have an effect on electric-drive cars.

“When gas prices go up, people are less likely to look for alternatives to their vehicles that get better fuel efficiency,” she said.

She pointed out that the recent softer demand for many electric and hybrid vehicles is a result of better gas prices.

Brianna Valleskey contributed to this report.

Latest Ratings for TSLA

Jan 2017Morgan StanleyUpgradesEqual-WeightOverweight
Jan 2017GuggenheimInitiates Coverage OnBuy
Oct 2016Goldman SachsMaintainsNeutral

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: electric vehicles Jessica Caldwell Oil TeslaAnalyst Color Exclusives Analyst Ratings


Related Articles (TSLA)

View Comments and Join the Discussion!