Tesla stock (Nasdaq: TSLA) appears down in sympathy with oil prices. Brent crude has fallen 32.7% in the last three months; shares for the electric car maker are down 22.12% in the same period.
But oil prices are not the culprit behind the sagging TSLA stock price.
Money Morning Defense & Tech Specialist Michael A. Robinson - who has been following the tech markets for more than 30 years - appeared on FOX Business' "Varney & Co." Tuesday afternoon to clarify the TSLA-oil price connection: