Musk believes that inflation has peaked and will fall quickly

Musk believes that inflation has peaked and will fall quickly

Tesla CEO Elon Musk believes that inflation has peaked and will decline rapidly in the future, he said Thursday during the electric carmaker’s general meeting of shareholders in Austin. USA).

Musk anticipated that the cost of raw materials and other components for car manufacturing will fall in the next six months.

The controversial businessman born in South Africa explained that through the process of acquiring materials for Tesla, the company has detected that the prices of more than half of the products necessary for the manufacture of its vehicles show a downward trend in six months view.

But he also warned that his comments are speculation and reiterated that he foresees a moderate recession in the United States that could last 18 months.

The manager wants that by 2030, Tesla will produce 20 million vehicles a year thanks to the creation of more than a dozen assembly plants around the world that would be added to the existing ones in Fremont (USA), Austin ( USA), Shanghai (China) and Berlin.

In addition, Musk revealed that Tesla will have to increase the price of its Cybertruck pickup truck, which is now scheduled to reach drivers in mid-2023 despite being introduced in 2019.

Musk said high inflation is responsible for the rising price of the anticipated truck, which features a radical and futuristic design.

Cybertruck will be manufactured at the Austin plant. Musk noted that in the next two months, Tesla will begin to install the equipment necessary for the production of the “pickup” truck at the assembly plant.

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