Tesla Says Soaring Gas Prices Are Driving More EV Demand

High Oil Prices Are Driving an EV Boom. Who's the Next Winner After Tesla?

Key PointsTesla just confirmed the EV boom being driven by the spike in oil prices.If oil prices remain elevated, alternative energy companies will benefit.GE Vernova and Union Pacific look well-positioned as well. 10 stocks we like better than GE Vernova › Oil prices spiked when the U.S. attacked Iran and have been elevated since then as the Strait of Hormuz has remained closed. The effects of $4/gallon gasoline in the U.S, higher diesel prices…

Tesla says soaring gas prices are driving more EV demand

Tesla said on Wednesday that it had seen a "resurgence" in global demand for its vehicles, while the US experienced "slight growth." It also posted its highest first-quarter order backlog in more than two years – an impressive figure considering the federal EV tax credit ended last year.Read Entire Article

Tesla Says EV Orders Benefitted From Soaring Gas Prices

Also, Musk owns up to a broken promise and vows to spend an unbelievably large amount of money to make up for it.