Tesla Motors’ shares have dropped 14 percent in seven trading days on growing concern that the cheapest gasoline in more than four years will dampen consumer enthusiasm for the company’s luxury electric cars.A disappointing forecast of Tesla’s November U.S. sales by the industry website InsideEVs.com fed the decline Monday.
Consumers paying less at the pump may have diminished the need for vehicles that run on an electric charge and can cost as much as $100,000. Gasoline prices in the U.S. have fallen for 68 days to an average of $2.67 per gallon, according to AAA.
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