No, he's not saying his company can't handle the sudden loss.

He's saying the country can't, and we need it. He's saying that having more oil and gas is bad for Tesla, but the country needs it so we need to increase production. You have it completely opposite. And it's really weird because it's extremely easy to read.

He hates to say that we need more oil and gas because an excess of it hurts the bottom line of his company, and he's in favor of sustainable energy. But he is being realistic and putting his self interests second and saying that we need to increase production, at his company's loss.