The current Ukraine-Russia conflict has destabilized global geopolitics, but it has served Elon Musk well. This is due to rising fuel prices, which have reached as high as $ 8 per gallon in some parts of the United States. Yes. The national average is around $ 4.5 per gallon, but in California, the premium is just over $ 6 per gallon. According to the Daily Mail, the average price in Beverly Hills and West Hollywood on March 9 was $ 7.35 per gallon, with a premium of $ 7.95 per gallon. According to the Ukiah Daily, the price of a gallon of regular gasoline in Mendocino, California, rose to $ 8.629 a gallon on March 9.
As gasoline prices rise, more people are opting for electric vehicles. Tesla, America’s most well-known electric vehicle, is doing well, according to Electrek. Yes. Week after week, Tesla’s sales increased by 100 percent. This rise in fuel prices is a good thing because it is encouraging people to switch to electric vehicles. This is due to the fact that fossil fuels contribute to global warming and climate change. These circumstances will result in the discovery of more electric vehicles in the near future. Tesla’s electric vehicle sales were expected to reach 500,000 units by 2020.
According to Statista, by 2021, 935,950 vehicles will have been sold, nearly doubling the previous year’s total. Elon Musk is currently assisting Ukraine in a variety of ways, most recently by donating Starlink satellite internet equipment. More than 2,000 Starlink satellites were launched between 2019 and 2022, bringing the total to 20,000. In addition, the company is working to obtain permission to launch up to 30,000 satellites.
Currently, Starlink satellite internet is available in 29 countries. Tesla also provides special benefits to its Ukrainian employees. This means that if Ukrainian personnel are sent to defend the country, they will be paid for three months’ salary. It will also advise and support the company’s current support staff.
Tesla manufactures 80% of all-electric vehicles in the United States. Tesla’s productivity has not been significantly impacted by recent acquisitions. However, due to the unusually high demand, the manufacturing process will take some time. Elon Musk is overjoyed to have a second child with his girlfriend, Grimes, and will most likely remain among the world’s wealthiest people for a long time as a result of Tesla’s success.