Note that Crude Oil is loosely connected to the price of Tesla Motors (TSLA).
The future of electric vehicles is accelerated by the high and rising cost of driving ICE (Internal Combustion Engine) vehicles. The general trends of TSLA has been consistent with the larger waves of movement in the price of crude oil. The recent drop in crude could be putting some dramatic pressure on TSLA. It is remarkable that the share price has held up.
Informational - no trading advice given here.
Cheers -
Tim 12:41PM EST 12/1/2014
The future of electric vehicles is accelerated by the high and rising cost of driving ICE (Internal Combustion Engine) vehicles. The general trends of TSLA has been consistent with the larger waves of movement in the price of crude oil. The recent drop in crude could be putting some dramatic pressure on TSLA. It is remarkable that the share price has held up.
Informational - no trading advice given here.
Cheers -
Tim 12:41PM EST 12/1/2014
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