When asked about why shares of Tesla Motors IncTSLA
might be trading down today, 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.
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