Tesla may cut car prices if inflation ‘calms down’

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

Bureau of Labor Statistics reported higher-than-expected inflation this week while the consumer price index rose by 9.1% compared to last year.

In March, Tesa increased the prices of all its car models in the US and China. Tesla has raised the prices of its models again most recently, in June when he ups the cost of his long range Model Y from $62,990 to $65,990.

Musk tweeted In March, Tesla and his fellow company SpaceX “saw significant recent inflationary pressures on raw materials and logistics.”

Musk said in June ahead of a second price increase that he had “super bad feelingabout the economy and will need to cut 10% of jobs at Tesla, according to an email originally reported Reuters.

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