Tesla could cut prices on its cars if inflation calms down. In recent months, their cost has continued to rise in response to global economic difficulties.
Tesla is likely to cut the prices of its vehicles offered around the world if inflation calms down, Elon Musk said on Twitter Thursday. This is very positive news for future owners. However, it is worth bearing in mind that it is not known when the inflation rate will decrease, and over time, the cost of materials and components for production may increase.
“If inflation calms down, we can lower prices for cars”
If inflation calms down, we can lower prices for cars— Elon Musk (@elonmusk) July 15, 2022
In the past few months, Tesla has raised the price of its cars by several thousand dollars a few times. This was a forced measure, as commodity prices continued to rise. In particular, the prices of aluminum and lithium, which are used for batteries, saw a very significant increase, which even led Tesla to consider entering the mining business.
In addition, the US inflation rate continued to rise and reached 9.1 percent in June, which is the highest level in over 40 years. Musk assesses the economic situation in the United States as very serious and even decided to optimize the company's work in hard times by reducing staff.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.