Yellow Star
Yellow Star

Musk says Tesla could lower car prices if inflation slows

Yellow Star
Yellow Star

Tesla Inc Chief Executive Officer Elon Musk said on Friday that the electric automaker could reduce car prices if inflation calms.

Yellow Star
Yellow Star

Musk, who has more than 101 million followers on Twitter, was responding to a tweet on Friday

Yellow Star
Yellow Star

In which it was asked whether the company had any plans to reduce the prices that it had taken to address the pandemic and supply chain woes.

Yellow Star
Yellow Star

"If inflation calms down, we can lower car prices," Musk said in a tweet.

Yellow Star
Yellow Star

Tesla has raised car prices by a few thousand dollars over the past few months as raw material costs for lithium from the aluminum used in cars and batteries have risen.

Yellow Star
Yellow Star

Musk, the world's richest man, has warned in recent weeks about the risk of a recession and said he has "very bad feelings" about the economy.

Yellow Star
Yellow Star

US consumer prices jumped 9.1% in June to a nearly 41-year high, as gasoline and food costs remained high.

Yellow Star
Yellow Star

This boom is a tough time for companies that are now looking to cut costs and revamp their recruitment plans.

Yellow Star
Yellow Star

OTHER STORIES

Tesla Rival Rivian Considers a Major Move

Elon Musk Has a Solution for Sleep Disorders

WALMART GIVES EMBATTLED TESLA RIVAL CANOO A LIFELINE