Sign in / Join NowSummarySince falling prices are meant to be a structural phenomenon, they shouldn’t result in a substantial market rebound in the form of a decrease of EV sales.One way to verify this reasoning would be to find no strong positive statistical correlation between oil prices and EV sales. EV market and the world EV market provide considerable support to my supposition. Places doubts on Tesla’s prospects.In this context, two additional results suggest that consumers could still be willing to buy many EVs from Tesla as long as it keeps producing high quality products.In the present article, I explain why falling oil prices didn’t affect Tesla or EV sales last year and why, up to a point, they are not likely to do so in the future.
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