Elon Musk gave a surprise about inflation

Elon Musk gave a surprise about inflation

He once again shared unusual information with his more than 102.2 million followers.

Tesla’s CEO has promised that his electric vehicle company will cut prices once inflation subsides. In these uncertain times, when whispers of a recession are getting louder by the day, any news that suggests prices may fall is a big deal, especially for consumers and the authorities, who have inflation headaches. Inflation, which is at a multi-year high worldwide, is reflected in the prices of almost all products: from food to smartphones, from computers to toothpaste, from soap to shower gel. Airline ticket prices have skyrocketed. Fuel prices remain high.In this context, Elon Musk, the CEO of Tesla, has now made statements that will cheer almost everyone: consumers, Tesla customers, investors and politicians. In a series of tweets, Musk announced that the price of raw materials, which are important to Tesla and necessary for the production of cars, is falling. However, the price of these raw materials (nickel, cobalt, palladium, lithium, etc.) has risen sharply since Russia attacked Ukraine on February 24. The unjustified war further increased the chip shortage caused by the disruption of supply chains caused by the covid-19 pandemic. All of this has led car manufacturers to pass on the rising costs to consumers through a series of vehicle price hikes. Musk told his more than 102.2 million followers on Twitter that inflation may be trending down. He added that the price of several Tesla raw materials is headed down rather than up. On the other hand, he noted about Tesla’s price increase that: “It would be too early to say for sure” – wrote The Street.Hardware, software, tests, interesting and colorful news from the world of IT by clicking here!

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