Hyperdrive

Elon Musk Says Russia’s War Means More Oil Production Needed Now

‘Obviously, this would negatively affect Tesla,’ he says
Tweets come as Biden weighs U.S. ban on Russia oil imports

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By Marcus Wong

March 5, 2022 at 3:12 AM UTC

This article is for subscribers only.

Elon Musk says more fossil fuel production is needed now, even if it’s bad for his electric car company, Tesla Inc.

“Hate to say it, but we need to increase oil & gas output immediately,” the billionaire tweeted Saturday, as Russia’s invasion of Ukraine chokes off fuel supplies and drives up gas prices.