Elon Musk tweets - Tesla could lower car prices if inflation slows
Scott Olson


Elon Musk, CEO of Tesla (NASDAQ:TSLA) was replying to a tweet on Friday that asked if the company had any plans to lower prices that it had raised to beat the pandemic and supply chain woes.
He said in a tweet, "If inflation calms down, we can lower prices for cars."

The company has raised car prices a number of times by a few thousand dollars in the past few months adjusting to rising costs of raw materials for aluminum to lithium used in cars and shortage of chips and other supplies.
The company has increased the prices of all of its car models in the U.S. and China in March and further hiked prices across its models in June when it increased the cost of its Model Y long-range from $62,990 to $65,990 and the Model Y Performance from $67,990 to $69,990.
The Bureau of Labor Statistics reported a higher-than-expected inflation rate this week with the consumer price index rising 9.1% Y/Y.