Market Overview

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

Share:

When asked about why shares of Tesla Motors Inc (NASDAQ: TSLA) might be trading down Wednesday, Senior Analyst for Edmunds.com 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

DateFirmActionFromTo
Sep 2020BairdMaintainsNeutral
Sep 2020Canaccord GenuityMaintainsHold
Sep 2020Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

 

Related Articles (TSLA)

View Comments and Join the Discussion!

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

Latest Ratings

StockFirmActionPT
CTASRBC CapitalMaintains360.0
MDTTruist SecuritiesMaintains120.0
ATEMaxim GroupInitiates Coverage On1.0
MNPRMaxim GroupInitiates Coverage On11.0
RDS/BScotiaBankInitiates Coverage On34.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com