War in Ukraine and the U.S. withdrawal from Russian oil, as well as the general global response to phasing out reliance on Russian oil permanently, has led to skyrocketing oil and gas prices. Already consumers are seeing huge increases at the gas pump this week, with no end in sight for now.
Tesla, the biggest producer and seller of electric vehicles in the U.S., has seen the order rate for new vehicles increase 100% this week, reported sources familiar with the matter to Electrek. An increase in orders now however will not lead to an immediate increase in cars delivered as Tesla, like all auto manufacturers, grapples with supply chain constraints and production backlogs.
While delivery timelines are anticipated to grow longer for the popular EV producer, a Gigafactory it is building in Texas should be able to help contribute to production later on this year. Electric vehicle demand is anticipated to grow as consumers feel the financial crunch of soaring gas prices.
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