Musk: "Inflation Trend Slowing Down... Tesla Prices Will Decrease"

[Image source=AP Yonhap News]

[Asia Economy Reporter Hyunwoo Lee] Elon Musk, CEO of Tesla, recently stated that the rapidly rising inflation rate is expected to slow down, and Tesla vehicle prices will also decrease.

According to Bloomberg on the 28th (local time), Musk posted on his Twitter account, "The inflation rate will show a slowing trend, and Tesla vehicle prices will go down rather than up." Musk had previously expressed the view last week that inflation would decrease toward the end of the year, and commodity prices would similarly fall.

Additionally, in response to a Twitter user's question about whether Tesla would raise vehicle prices, Musk replied, "It is too early to say for sure." Tesla had earlier raised prices for all vehicle models in the US and China in March, and in June, adjusted the price of the Model Y Long Range from $62,990 (approximately 81.88 million KRW) to $65,990, thereby increasing vehicle prices.

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