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Obviously, this would negatively affect Tesla, but sustainable energy solutions simply cannot react instantaneously to make up for Russian oil & gas exports.
— Elon Musk (@elonmusk) March 5, 2022
His tweets come with the Biden administration now weighing a ban on U.S. imports of Russian crude oil, after earlier rebuffing the idea, according to people familiar with the matter. Oil industry leaders in the U.S. are also calling for support to boost production.
Oil capped its biggest weekly gain on record Friday, while commodities from crops and metals to gas have also surged on the impact of Russia’s invasion of Ukraine.
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