Tesla can lower car prices if inflation ‘calms down’

Tesla CEO Elon Musk said in a tweet Friday that the electric car company could lower prices if inflation “calms down”.

The Bureau of Labor Statistics reported higher-than-expected inflation this week, with the consumer price index rising 9.1% from a year ago.

Tesa raised the prices of all its car models in the US and China in March. The company again raised prices across its models as late as June, when it increased the price of its Model Y long range from $ 62,990 to $ 65,990.

Musk tweeted in March that Tesla and his other company, SpaceX, both “saw significant inflationary pressures recently in commodities and logistics.”

Musk said in June ahead of the second price hike that he had a “super bad feeling” about the economy and would have to cut 10% of jobs at Tesla, according to an email originally reported by Reuters.

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