2020 Tesla Model S on 2040-cars

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Tesla stock drops on fear that comes with low gas prices [w/video]

Tesla's stock price was down to around $206 earlier today, but it's back up to over $216 now. Friday, it closed at over $223. Some stock blogs are saying the price could go as low as $165 in the not-too-distant future. What's behind these wild swings that CNBC's Phil LeBeau calls, "the worst seven-day trading period ever for shares of Tesla"? One potential culprit is today's low gas prices. Those prices – currently hovering at around $2.65 a gallon in the US, the lowest in about four years – are affecting the cars people buy (sorry, hybrids), so it's not a huge leap to think they'll affect high-end electric cars, as well. A $50 drop in share price is pretty dramatic, and Bloomberg and others point the finger at gas prices. Ben Kallo, an analyst with Robert W. Baird & Co., wrote that, "We believe the recent decline in TSLA shares is largely driven by the concern low gasoline prices could impact demand if sustained for the long term." But there are other ideas, too. Since we don't always comprehend analyst-ese, we're not sure if Zev Spiro at Orips Research thinks gas prices are to blame, but it doesn't sound like it: A negative signal developed yesterday as a high volume break occurred below the slightly upward slanted neckline of the topping pattern, in the $219.20 area. The break below the neckline signaled a trigger of the bearish pattern and indicated a downtrend with a minimum expected price objective in the $165 area. In addition, yesterday's bearish trigger may result in downward momentum in the near term. Indicators are generally negative, adding to the overall bearish tone. Kallo remains positive, though, saying that, "We believe demand for TSLA's vehicles will remain strong." This makes sense to us, since TSLA has weathered drops before, only to climb to record highs afterwards. Watch a CNBC video report on all of this below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Tesla Model S headed to Vukee carsharing in San Francisco

The San Francisco bay area continues to expand as a carsharing hub, and the latest addition is going to attract some attention. Vukee, a Palo Alto, CA-based company, is introducing the Tesla Model S to carsharers in that market as a way to stand out from larger carsharing providers like Zipcar and City CarShare. Instead of spending $70,000 on the luxury electric sports car, Vukee's new carsharing deal offers an affordable behind-the-wheel driving experience, but the exact cost has not yet been announced. The launch happens in April. Vukee will start with 25 Teslas at its charging stations ready for drivers to pick up. Electricity and insurance are included in the rental fee. If you've a fan of this idea, you can make a small donation to Vukee and have your name emblazoned on the hood of one of the Model S EVs. If you donate a lot of money, like Gill up there in the picture, your name will be written very large on the hood. Signing up for Vukee is also easier than becoming a Zipcar or Car2go, since Vukee has no membership fees. You just download the Vukee app, scan your drivers license and credit card and pay as you go. Who wants to go for a drive? This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. vukee Car Spot Indiegogo from Meik-M. Lindberg on Vimeo.

Tesla Model S proves troublesome for Consumer Reports

The Tesla Model S has turned into the breakthrough model that electric cars needed. Instead of looking like a futuristic jellybean whizzing by, the Tesla would still be incredibly attractive with a V8 stuffed under the hood. But beyond its appealing styling, the luxury sedan offers a realistic driving range, impressive performance and oft-praised driving dynamics. It's everything many drivers are looking for. However, as more long-term reviews come out, it's becoming clear that living with one of these wonder cars isn't without its fair share of problems.
A few weeks ago, Edmunds published its 17-month ownership experience with a Model S. It praised the experience being behind the wheel of the luxury sedan, at least when it was possible. Edmunds reported that it had to make seven unscheduled trips to the service bay and even left a writer by the side of the road once. The biggest issues included replacing the drive unit three times, needing a new main battery and numerous resets of the center screen.
Consumer Reports just wrote about its own driving impressions after 15,743 miles, and its experience with the Model S has hardly been a walk in the park, though not nearly as bad as Edmunds' rough time. The infotainment screen needed a hard reset once after blinking out, and one unscheduled service left the sedan in the shop for two days. There have been other, smaller issues too. In Tesla's favor, the repairs were done under warranty.