https://www.greencarreports.com/news/11 ... la-s-surge
Will cheaper gas slow Tesla's Surge?
One good reason to buy an electric car is to save money on fuel, so will low gas prices slow down Tesla sales?
Wall Street, it seems, says "no."
In a recent Barron's article, two Wall Street analysts said they believe electric-car adoption is now largely decoupled from gas prices.
While some customers may be turned away by cheap gas, "the overall environmental movement" as well as technological improvements will likely "neutralize" any drop in gas prices, Wedbush analyst Dan Ives told Barron's.
The cost differential between gasoline and electricity is "nonmaterial" in EV purchase decisions, New Street Research analyst Pierre Ferragu told Barron's, while noting that many buyers use potential gas savings to "comfort themselves" about their purchases.
This prediction is very different from what actually happened to hybrids and other fuel-efficient cars with a gas tank when gas prices rose in the wake of the 2008 economic recession. . . .
Not everyone agrees that electric cars are immune to oil-price fluctuations.
Tesla won't achieve "mass-market volume" for another decade, Morningstar analyst David Whiston said in an interview with The Street.
Other analyses have linked electric-car adoption to oil prices, claiming sales would increase as oil prices rose.
One certainty is that automakers now face more regulatory pressure to sell electric cars—in Europe and China, at least.
Summary- some say yes, some say no
My take is that high-end BEVs will be more immune to gas price drops than (closer to) mass-market-priced ones.
In other news, via ABG:
https://www.autoblog.com/2020/03/13/elo ... ronavirus/
Tesla chief Elon Musk's trial postponed due to coronavirus
Shareholders complained SolarCity deal benefitted Musk at their expense