Can Surging Gas Prices Reverse U.S. EV Sales Slump? [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
© 2026 Bloomberg Finance LP USsales of new electric vehicles have cratered since late last year after hitting an all-time high in 2025's third quarter, when federal rebates ended. And industry forecaster Cox Automotive expects the segment to drop 28% in this year's first quarter from a year ago. So with gasoline prices continuing to spike as President Trump's war with Iran grinds on, up more than a $1 in the past month to a nationwide average of $4, will the slump end? Maybe, but not right away. That's because even though fueling a car with electricity is cheaper than buying gasoline, the average price of new EVs remains above the internal combustion variety by about $6,000. Still, more Americans are at least starting to look at them. “Electrified vehicle consideration remains elevated compared to earlier in March, before the recent run-up in gas prices tied to geopolitical tensions,” said Jessica Caldwell, chief analyst for car-shopping site Edmunds. But higher prices will “
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TSLA
Earnings
- 1/28/26 - Beat
TSLA
Sec Filings
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- 3/9/26 - Form 4
- 3/6/26 - Form 144
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