Tesla Chief Government Officer Elon Musk mentioned Friday the electrical automaker might decrease costs for vehicles if inflation calms down.
Musk, who has over 100 million followers on Twitter, was replying to a tweet on Friday that requested if the corporate had any plans to decrease costs that it had raised to beat the pandemic and provide chain woes.
“If inflation calms down, we will decrease costs for vehicles,” Musk said in a tweet.
Tesla has raised car prices a lot of instances previously few months by a number of thousand {dollars} as prices of uncooked supplies for aluminum to lithium utilized in vehicles and batteries surge, whereas automakers wrestle to supply chips and different provides as a consequence of an industry-wide shortage.
Musk, the world’s richest particular person, in current weeks warned concerning the threat of a recession and mentioned he had a “tremendous unhealthy feeling” concerning the economic system.
US consumer prices jumped 9.1% to a virtually 41-year excessive in June, as gasoline and meals prices remained elevated. The surge spells powerful instances for firms that are actually trying to minimize prices and alter their hiring plans.
