Tesla Chief Govt Officer Elon Musk stated Friday the electrical automaker may decrease costs for automobiles 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 automobiles,” Musk stated in a tweet.
Tesla has raised automotive costs a variety of instances previously few months by a couple of thousand dollars as prices of uncooked supplies for aluminum to lithium utilized in automobiles and batteries surge, whereas automakers wrestle to supply chips and different provides as a consequence of an industry-wide scarcity.
Musk, the world’s richest individual, in current weeks warned concerning the threat of a recession and stated he had a “tremendous dangerous feeling” concerning the financial system.
US shopper costs 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 seeking to reduce prices and alter their hiring plans.
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