Investor Ross Gerber of Gerber Kawasaki has a simple message for anyone feeling the pinch at the pump: just buy an electric car. With gas prices climbing as the U.S. and Iran trade strikes, Gerber took to X on Tuesday to make the case that the problem is largely self-inflicted for those who haven't made the switch.
"Gas prices don't matter to the 10 mil people that own a tesla," Gerber wrote. He pointed out that there are plenty of "great EVs" available from dealers and on the used market. "Go get one. Gas prices are not going down anytime soon."
The numbers back him up. The national average gas price in the U.S. hit $4.483 per gallon on Tuesday. California drivers are paying even more—around $6.114 per gallon on average—and in Mono County, California, a gallon of gas costs $7.015, according to the American Automobile Association (AAA).
Meanwhile, Tesla Inc. (TSLA) is seeing demand pick up in parts of Europe. Sales in France jumped 112% in April, while the Netherlands and Sweden posted gains of 23% and 111%, respectively. Not all markets are rosy—Norway saw a 61% decline—but overall, the trend is positive.
In the U.S., used Teslas are holding their value better than many competitors. They're among the fastest-selling used EVs, sitting on dealer lots for an average of just 25 to 34 days across the lineup. And demand for used EVs is surging: over 44% of used EVs sold in the U.S. are priced below $25,000, according to experts.
On the commercial side, Amazon.com Inc. (AMZN) is proving to be a major force in the EV space. The e-commerce giant accounted for more than 50% of Rivian Automotive Inc.'s (RIVN) revenue in the first quarter of 2026, thanks to fleet sales. Rivian beat market expectations with $1.381 billion in revenue for the quarter.
The backdrop to all this is the ongoing conflict with Iran. President Donald Trump announced he would pause the "Project Freedom" initiative, which was meant to guide commercial ships through the Strait of Hormuz. But he insisted the U.S.-led blockade of the area would remain. Trump had described the initiative as a "humanitarian gesture" and warned Iran of severe consequences after strikes on multiple Iranian fastboats.
For now, Gerber's advice might be the simplest hedge against geopolitical turmoil: just plug in.
