Elon Musk, Tesla’s Chief Executive Officer, announced on Friday that the electric automaker might lower the prices for its cars if inflation calms down.

Musk, who possesses over 100 million followers on Twitter, was answering a tweet on Friday that inquired if the company had any plans to decrease the prices that it had raised to cope with the pandemic and supply chain woes.

“If inflation calms down, we can lower prices for cars,” Musk said in a tweet.

Tesla has increased its car prices a number of times in the past few months by a few thousand dollars because the costs of raw materials for aluminum to lithium that are used in cars and batteries have risen, while automakers were facing problems sourcing chips and other supplies due to an industry-wide shortage.

Musk, the world’s richest person, in recent weeks notified about the risk of a recession and announced he had a “super bad feeling” regarding the economy.

Last month, Musk announced that the electric vehicle maker’s total headcount would rise over the next 12 months. However, the number of salaried staff is going to be little changed, backtracking from an email just two days ago announcing that job cuts of 10 percent were required.

“Total headcount will increase, but salaried should be fairly flat,” Musk tweeted in answer to an unverified Twitter account that made a “prediction” that Tesla’s headcount is going to increase over the next 12 months.

Previous articleNetflix Users Across the Globe Are Reporting Outage Issue
Next articleNASA to Restart Flights to the ISS With the Russian Space Agency From Septemeber
Alice is the Chief Editor with relevant experience of three years, Alice has founded Galaxy Reporters. She has a keen interest in the field of science. She is the pillar behind the in-depth coverages of Science news. She has written several papers and high-level documentation.


Please enter your comment!
Please enter your name here