Tesla Motors Inc (NASDAQ:TSLA) stock fell yesterday to as low as $206, although it did manage to rebound back to $216 on the same day, by it will be interesting to see what happens when the markets open later today. There have been suggestions prices could fall to as low as $165 due to falling gas prices.
Many people within the industry have given Tesla a hard time and no doubt are pleased to see fresh rumors that the company is in serious trouble, which we find terrible. Let’s say its stock is related to the low price of gasoline, it’s unlikely to stay low for long because we know how fickle the gas market is.
Drivers do love low gas prices, but at $2.65 a gallon in the US, this is certain to go up in the not too distant future. It’s not like this has not happened before, yet Tesla haters just assume the worst. Do you feel these people should move with the times and embrace the future, although we doubt that will ever happen seeing as though they do not stand to make any money?
Reason to be positive – Kallo has told Bloomberg that demand for Tesla vehicles is stronger than ever, and with new models expected that demand will continue to grow. They also said that while there is no immediate problem for Tesla; if gas prices follow down this path – highly unlikely – then this could create a problem for Tesla.
Having said that, with ever-decreasing gas levels all tesla has to do is ride out the storm and will be ready to capitalize on this in later years. Here are the latest TSLA stock prices.