Billionaire and Tesla Chief Government Officer Elon Musk mentioned on Friday the electrical automaker might decrease costs for vehicles 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 vehicles,” Musk mentioned in a tweet.
Tesla has raised automotive costs numerous instances up to now few months by a number of thousand {dollars} as prices of uncooked supplies for aluminum to lithium utilized in vehicles and batteries surge, whereas automakers wrestle to supply chips and different provides resulting from an industry-wide scarcity.
Musk, the world’s richest individual, in latest weeks warned in regards to the threat of a recession and mentioned he had a “tremendous unhealthy feeling” in regards to the financial system. (Internet Desk/Reuters)
