Tesla’s prices have steadily increased throughout the year due to inflation, and the company chief says it’s too early to tell if more increases are headed for buyers — despite decreases in inflation.
@ElonMusk said it’s “too early to say for sure” if Tesla prices are going to increase, responding to a user asking about potential price increases.
The question also came in response to @ElonMusk saying that “Inflation might be trending down,” adding that more of Tesla’s commodity prices are trending down than up at the moment.
More Tesla commodity prices are trending down than up fwiw
— Elon Musk (@elonmusk) July 29, 2022
Tesla’s price increases have not been confined to North American markets, all of its models also seeing price increases in Germany, China, Australia, South Korea and others still.
Earlier this month, Musk said that Tesla could lower car prices if inflation calmed down, after noting that the automaker had a “tough quarter” the prior month.
Musk also said that he was concerned about the direction of the U.S. economy earlier this summer, warning of a possible recession.
Tesla’s Q2 earnings call took place last week, in which Musk detailed $16.9 billion in revenue for a 42 percent increase year over year, and a $2.3 billion net income.
In Q1, Tesla earned $17.71 billion in revenue with $2.32 billion in net income.
