Tesla Inc Chief Executive Officer Elon Musk said on Friday the electric car manufacturer could decrease costs for cars if rising cost of living cools down.
Musk, who has more than 100 million fans on Twitter, was replying to a tweet on Friday that asked if the firm had any type of strategies to reduced prices that it had actually increased to beat the pandemic and also supply chain woes.
If rising cost of living calms down, we can reduce prices for autos
— Elon Musk (@elonmusk) July 15, 2022
“If inflation cools down, we can decrease costs for cars and trucks,” Musk claimed in a tweet.
Tesla has raised auto costs a variety of times in the previous few months by a few thousand dollars as prices of resources for light weight aluminum to lithium made use of in cars and trucks and also batteries rise, while car manufacturers battle to resource chips as well as other supplies due to an industry-wide shortage.
Musk, the globe’s richest individual, in current weeks cautioned concerning the threat of an economic downturn as well as stated he had a “incredibly tension” concerning the economic climate.
United state customer rates jumped 9.1% to an almost 41-year high in June, as fuel as well as food prices stayed elevated. The surge spells difficult times for firms that are now wanting to cut prices as well as modify their working with strategies.
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