Home CaribbeanDominican Republic “Inflation has peaked and will fall rapidly,” says Musk

“Inflation has peaked and will fall rapidly,” says Musk

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¨Inflación ha llegado a su punto máximo y caerá rápidamente¨, dice Musk 

Washington. Tesla CEO, Elon Muskbelieves that inflation has reached its peak and that it will reduce rapidly in the future, as he declared this Thursday during the general meeting of shareholders of the electric car manufacturer that was held in Austin (USA).

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

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

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.

Read more: Elon Musk countersues Twitter in his dispute over the purchase of the social network

The manager wants that by 2030, Tesla 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 already existing ones in Fremont (USA), Austin (USA), Shanghai ( China) and Berlin.

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

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

cyber truck It 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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