Tesla CEO Elon Musk Wants the U.S. and the World to Pump More Oil – Barrons

Tesla CEO Elon Musk has taken a surprising stance. He recommended increasing oil production to ease prices.

Musk has built his electric-vehicle company, Tesla (ticker: TSLA), partly to wean the world off fossil fuels and create an economy based on sustainable, renewable energy. But he tweeted Friday that “extraordinary times demand extraordinary measures,” adding that while falling energy prices can impact demand for EVs, “hate to say it, but we need to increase oil and gas output immediately.”


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