Why Silicon Valley Doesn’t Mind Rising Gas Prices
https://finance.yahoo.com/news/why-silicon-valley-doesn-t-110013528.html
What's bad for the internal combustion engine-propelled vehicle owner could actually be good for tech, which has bet big on electrification. For Tesla, rising gas prices will be a welcome nugget of good news. The company has positioned itself as a full-service electric company with solar panels, batteries and, of course, all-electric cars. High prices at the pump should drive sales. However, the slowly rising price of oil hasn't been enough to insulate the company from questions this week over its Model 3 production and management turnover.
Increasing gas prices could also be good for electric scooter-sharing companies like Lime and Bird. Right now, scooter companies are actively trying to convince local regulators that scooters can replace car travel. That story gets more powerful as the price of gasoline climbs.