timwest

Tesla Motors -TSLA- Challenged by falling crude oil

NASDAQ:TSLA   TESLA INC
521 9 14
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
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Tim, thanks as always for your thoughts and analysis on TSLA. The price dropped back to your key hidden level of $230ish so I'm long TSLA again. I've traded using your key levels before and it's worked out very well for me so I'm going to buy into this dip. Cheers.
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Gordon_princess_Gecko ExcitingTechnology
be careful, I am long too, but been touching 200 dma many times in a short period.
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I've had this thought too, still I personally think the allure of a tesla is more than to offset high gas price.

Is like buying a rolex as opposed to a swatch.

However, I think if it breaks 230, we might see a fall down to 190 before a bounce (.886 fib/bullish bat indi). what do you think?
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crude oil drop is also political as Russian sanction.... I think.
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Love it Tim... Great work
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Always Great work
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You would think Tesla would be alright with Oil going to 0. Most the people who buy Tesla, don't factor oil prices-gas prices when making a purchase.
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May fall by 30 percent.
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Hi Everyone what are you thoughts now on this?
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