Tesla Stock Tumbles As Low Gas Prices Undermine EV Sales

Tesla Motors’ shares have dropped 14 percent in seven trading days on growing concern that the cheapest gasoline in more than four years will dampen consumer enthusiasm for the company’s luxury electric cars.

A disappointing forecast of Tesla’s November U.S. sales by the industry website InsideEVs.com fed the decline Monday.

Consumers paying less at the pump may have diminished the need for vehicles that run on an electric charge and can cost as much as $100,000. Gasoline prices in the U.S. have fallen for 68 days to an average of $2.67 per gallon, according to AAA.

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222max - 12/9/2014 10:15:43 AM

+5 Boost

Who in thier right mind believes these fuel prices are going to hold?

MDarringer - 12/9/2014 7:34:35 PM

+2 Boost

Most market analysts say 3 years. There's this thing called Google...

chewy - 12/9/2014 10:42:35 AM

+3 Boost

Don't think gas prices really end up mattering to Tesla buyers. Anyone paying that much can surely afford gas whether it's 2 or 4 a gallon.

MDarringer - 12/9/2014 7:33:54 PM

+1 Boost

More likely scenario: the wealthy, green, early adopters have all bought Teslas...

runninglogan1 - 12/9/2014 9:43:55 PM

+2 Boost

Guess now's a good time to buy Tesla stock. Every time it's taken a tumble it comes roaring back. This time will be no different.

leej - 12/10/2014 1:52:04 PM

+1 Boost

Who thinks that fuel prices drive people to select a Tesla? People who can afford a Tesla are not concerned about the cost of fuel.