Elon Musk talks about a possible price drop for his vehicles

In the face of inflation currently affecting the global economy, the prices of Tesla cars have increased significantly. Elon Musk even finds these “embarrassing” and evokes for the first time possible price reductions in the near future.

Photo credits: Tesla

The high inflation that is currently impacting the global economy is not making Tesla happy. The brand of American billionaire Elon Musk suffers considerably and almost the brand’s entire range of cars shows a dramatic price increase. As a simple example, Tesla’s Model 3 increased by around 10,000 euros in a few months due to inflation, or nearly 40% compared to its original price. More generally, the prices of all Tesla vehicles have increased by around 30 to 40% compared to their original price.

Elon Musk then said that we had to wait for inflation to calm down to be able to see a first drop in prices. During a recent conference call which took place within the framework of the announcement of the economic results of Tesla, Elon Musk this time for the first time evoked a date for a possible price drop. While pointing out that the current price hike was “frankly to embarrassing levels

Elon Musk finds the price of his cars “embarrassing”

According to an article published by InsideEVs, Elon Musk also admitted that the new prices of You’re here were at “embarrassing levels“. “We have increased our prices several times. They are frankly at embarrassing levels. But we also had a lot of problems on the supply chain and we have crazy inflation”explained the CEO.

The Tesla boss also added thatit looked like inflation might already be falling. “I think inflation will come down towards the end of the year. I’m hopeful and it’s not a promise, but I’m hoping that at some point we can reduce the prices a bit” added Elon Musk. If inflation does indeed begin to decline, You’re here will be able to avoid further price increases and may eventually begin to lower the prices of vehicles in its lineup.

Read also: Tesla needs cash and sells almost all of its Bitcoin

Source: insideevs.com

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