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Elon Musk, Tesla CEO, stands on a stage at the Tesla Gigafactory for the open day in Grünheide, east of Berlin.
Elon Musk, Tesla CEO, stands on a stage at the Tesla Gigafactory for the open day in Grünheide, east of Berlin.Patrick Pleul/picture alliance via Getty Images
  • Russian oil and gas exports have plummeted.

  • Musk said the US needs to increase its oil and gas output.

  • Musk said sustainable energy solutions can't replace Russia's exports.

Musk said the US needs to increase its oil and gas production.

Musk said on Friday that we need to increase oil and gas output.

—Elon Musk (@elonmusk) March 5, 2022

While it would be bad for his electric car company, sustainable energy solutions aren't immediately available enough to offset limited Russian oil and gas exports.

It would negatively affectTesla, but sustainable energy solutions simply cannot react immediately to make up for Russian oil and gas exports, Musk wrote.

The US and many other countries have imposed sanctions on Russia. Russia's pivotal energy sector was spared from sanctions while banks, oligarchs and other financial institutions were targeted.

Russia's oil and gas exports are declining as international companies refuse to do business with the country.

Musk sympathized with Russians and expressed his support for the Ukrainian people.

—Elon Musk (@elonmusk) March 5, 2022

The original article is on Business Insider.

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