Musk says Tesla can lower car prices if inflation ‘calms down’


Tesla CEO Elon Musk mentioned in a tweet Friday that the electrical car firm might lower prices if inflation “calms down.”

The Bureau of Labor Statistics reported a higher-than-expected inflation rate this week with the buyer value index rising 9.1% from a yr in the past.

Tesa elevated the prices of all of its car fashions within the U.S. and China in March. The firm once more hiked prices throughout its fashions as recently as June when it elevated the price of its Model Y long-range from $62,990 to $65,990.

Musk tweeted in March that Tesla and his different firm, SpaceX, had been each “seeing vital current inflation strain in uncooked supplies & logistics.”

Musk mentioned in June forward of the second value rise that he had a “super bad feeling” in regards to the economic system and would want to chop 10% of jobs at Tesla, in line with an electronic mail initially reported by Reuters.

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