Tesla's Musk Calls for $10 Gas, Eyes Shuttered GM Plants

Others call for federal gasoline tax that rises when the price of oil falls and vice-versa.

Published: 19-Jun-2009

Elon Musk, the founder of PayPal and now the head of electric-car maker Tesla, made a splash yesterday when he called for $10 gasoline to fully account for all the environmental harm associated with fossil fuels.

It was self-serving, of course: Tesla makes expensive electric cars which could only get more attractive if gas prices soar. Though it’s worth noting that Mr. Musk’s sugarplum vision of high gas prices isn’t that much different than the one initially floated—and later retracted—by Energy Secretary Steven Chu.

Expensive petrol would suit Mr Musk fine, since his company currently makes the only pure electric car in production. General Motors is trying to catch up with its Chevrolet Volt, a car that will be powered by electricity, with a back-up petrol engine for when the batteries run out.

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