Musk says Tesla can lower car prices if inflation 'calms down'
Publishing timestamp: 2022-07-15 13:27:40
Summary
Tesla CEO Elon Musk mentioned in a tweet that the company could lower prices if inflation calms down. The Bureau of Labor Statistics reported higher-than-expected inflation rates this week. Tesla has hiked prices across its models recently, including increasing the cost of its Model Y long-range. Musk has expressed concerns about inflation pressure in raw materials and logistics.
Sentiment: NEUTRAL
Tickers: TSLA,
Keywords: technology, environment, mobile, autos, tesla inc, breaking news: technology, business news, social media, prices, markets, elon musk,
Source: https://www.cnbc.com/2022/07/15/elon-musk-tesla-can-lower-car-prices-if-inflation-calms-down.html