Help Support EV News Report
EV News Report is not a non-profit

You are browsing the archive for rising interest rates Archives – EV News Report.

Tesla Model S Tops Safety Chart and Tweets keep EV Revolution Rocking

August 21, 2013 in Electric Vehicles, EV News, Model S, Tesla

Photo courtesy of Tesla

Photo courtesy of Tesla

Tesla stock (TSLA) closed today at $147.86, down 1.15%.  The stock has held up rather well in this down market of recent, considering the 52 week range for TSLA, $26.86 – $158.88.  Obviously, investors see a future in electric cars.

Tesla tweeted 8-20-13: “We’re about to make #Supercharging official in the Lone Star State.  Our San Marcos station opens today!”  Tesla CEO Elon Musk tweeted 8-19-13: “Model S achieves best safety rating of any car ever tested by US govt.”

Mr. Musk did say at the Teslive event that he was particularly pleased with the safety engineering of the Model S.  The National Highway Traffic Safety Administration recently concurred with Mr. Musk’s assessment by rating the Model S as the very best in safety.  This is certainly an important feature for many car buyers, which will boost Model S demand.  In a press release 8-19-13, Tesla stated: “Of all vehicles tested, including every major make and model approved for sale in the United States, the Model S set a new record for the lowest likelihood of injury to occupants.”

Tesla and all major auto makers will have to contend with higher interest rates in the coming years, but US interest rates will likely be restrained by peak oil.  Asian economies, particularly India, are already suffering from high oil prices.  India’s Rupee has tumbled below 64 to the US Dollar, and Indonesia’s Rupiah has taken a hit as well.  A currency monsoon wind has struck the region.

In the US, the Dow Jones sold off at the end of the day to 14,898, down 105 points.  The 10 year Treasury yield has climbed back to 2.89%.  Market strategists are worried about rising interest rates, but the currency markets of Asia may become a bigger concern.  Time will tell.

Tesla and Musk Hyperloop, Oil Transition

August 12, 2013 in Electric Vehicles, EV News, Hyperloop, Tesla

Image courtesy of Tesla

Image courtesy of Tesla

Tesla stock (TSLA) opened below $150 and has been weak in morning trade.  The stock market as a whole has been edgy in recent days concerning the possibility of rising interest rates after the Federal Reserve starts tapering its stimulus.  Regardless, Tesla remains the great electric hope in a world that uses over 91 million barrels of oil a day (IEA).  Unfortunately, Tesla’s auto sales are still only a drop in a bucket in comparison to the approximate 80 million worldwide annual auto market.

WTI oil is trading slightly above $106 per barrel, which is a rather modest price considering China’s record oil imports in July.  In addition, WTI should be trading closer to parity with Brent since oil inventories at Cushing have been drawn down below 40 million barrels (EIA).  Brent oil is trading between $108 – $109.  The fourth quarter is the heaviest oil demand quarter due to the cold (heating oil fuels) in the Northern Hemisphere, so demand pressure will increase in the coming months.

How should the world transition from oil? 

Mr. Elon Musk plans to reveal his Hyperloop concept today.  As the CEO of Tesla Motors, Mr. Musk is no stranger to the oil and climate dilemmas of the world.  He may feel increasing pressure to work on his Hyperloop idea due to his own convictions.  In Europe, China and Japan, rail networks are already quite extensive and modern in comparison to the United States.  Mr. Musk has proposed that the US initiate a new form of transport, Hyperloop, which he believes would be significantly faster and cheaper than high-speed rail.

About EV News Report

EV News Report is a news and information service on electric vehicle news with a focus on the campaigns, events and star leaders shaping the EV revolution.

Electric vehicles are driving the change to a clean green sustainable future for the United States and the world. Tesla CEO Elon Musk and other EV stars have launched a revolution. At EV News Report, you will see daily updates on the new electric era, including Tesla news, LEAF news, and all the leading players in the electric transportation movement.

Plug-in to the electric car / electric transportation revolution by creating a free account with EV News Report and join Poll Vote to discuss your ideas with other EV enthusiasts. We’re just getting the electric motor started. Let’s change the world…