Cab Drivers Switch to Tesla in the Wake of Rising Gas Prices

Retail gas prices in the United States are at an all-time high. Many Uber and Lyft drivers are planning to switch to an electric vehicle (EV) due to increasing gas prices. Per the reports, most of the drivers are eyeing Tesla. In one of their recent videos, Bloomberg Technology shares how Tesla has become the first choice of Uber and Lyft drivers. Per the sales statistics of Tesla from June last year to May 2022, Bloomberg’s Ed Ludlow states that there is a massive 185% increase in sales of Tesla automobiles. The gig economy, especially related to the automobile sector, is in a severe slump due to gas prices. Many Uber and Lyft drivers have mentioned that rising gas prices directly affect their profits. They further add that it is better to make a one-time investment and get rid of the pricing concern at the same time. Ludlow also shares how gas prices will impact the production of Tesla and its supply chain cycle.

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