According to media reports, orders for Tesla models in parts of the United States rose 100% last week as U.S. oil prices soared due to the conflict between Russia and Ukraine.
According to reports from Electrek and Teslarati, the recent rise in natural gas prices triggered by U.S. sanctions on Russian oil has driven U.S. consumers to electric vehicles (EVs). However, since Tesla still has a large order backlog, the sudden increase in orders is unlikely to affect Tesla’s deliveries.
Average gasoline prices have soared above $4 a gallon in most parts of the United States and $5 a gallon in some areas. The average U.S. gasoline price is now $4.318 a gallon, up to $0.6 from a week ago and $1.50 from a year ago, according to the American Automobile Association (AAA).
Tesla CEO Elon Musk recently suggested that the U.S. should increase oil and gas production to mitigate the effects of the Russia-Ukraine conflict. However, analysts say it will take some time to get there, and U.S. oil prices are likely to continue rising in the coming weeks, which could benefit Tesla and other electric car makers.