Is the stock price of Tesla Motors (TSLA) linked to the price of gasoline?
Some people think that cheap gasoline incentivizes the purchase of gas-fueled cars, lowering demand for Teslas, thus causing a drop in TSLA stock price. I try to find out whether that is true: I investigate the relationship between the price of TSLA and the price of UGA, an ETF tracking the price of gasoline.
I conclude that TSLA roughly follows UGA, with a lag of about 50 business days. However, there are some caveats to this conclusion, as well as many opportunities for further investigation. I invite you to clone the notebook, run your own tests, and try some of the suggested further projects. Please feel free to share your results if you find anything interesting!