Tesla Stock Soars. Are Higher Oil Prices Really That Good for EV Companies? – Barrons

Oil prices have been rising as Russia, a major global oil producer, continues its war with Ukraine.

Conventional wisdom holds that high oil prices are good for Tesla (ticker: TSLA) and for electric-vehicle adoption. But just how good is hard to say. Investors appear convinced high oil prices are really good for Tesla, based on the trading action Monday. The math backing that conclusion is less clear.

Tesla…

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