Elon Musk on Tweet, “More Tesla commodity prices are trending down”

Elon Musk today posted a tweet saying that the current inflation might be going down, which indicates that the prices of the Tesla products will be turning down.

More Tesla commodity prices are trending down than up fwiw

— Elon Musk (@elonmusk) July 29, 2022

In response to the tweet, one of the Twitter user separately asked Elon Musk about whether the Tesla prices would increase, to which the Tesla CEO said that it is too early to say for sure.

Today, the inflation is almost in every part across the world, due to which commodity prices from groceries to smartphones, to cosmetics and toys, everything has reached up to the sky. Airline tickets, gas prices even the public transportation prices have increased. And in this situation, if any news stating that the prices could fall is very good news, especially for the consumers and the needy.

Initially, in the month of March, the automaker started raising it’s prices of cars and in April, the Tesla carried a new price hike on the long-range vehicles. Further, in June, the company again increased the price on almost all models due to inflation. However, the Tesla CEO has assured the consumers that if the inflation goes down, the prices of the cars will also be decreased.