Search
Close this search box.
Search
Close this search box.

Tesla, SpaceX Facing Significant Inflation Risks: Elon Musk

Elon Musk

Tesla CEO Elon Musk stated on Sunday that the US electric vehicle and his rocket company SpaceX are facing severe inflationary pressure in raw materials and logistics, according to Reuters.

Musk also asked about the prognosis for inflation rates in a tweet, noting that his companies “are not alone,” retweeting an article claiming that the Ukraine-Russia conflict had pushed commodity prices to their highest levels since 2008.
The price of metals used in automobiles has risen as a result of Russia’s invasion of Ukraine, from aluminum in bodywork to palladium in catalytic converters to high-grade nickel in electric vehicle batteries, and drivers are set to foot the tab.

While metals have so far escaped Western sanctions, some shippers and auto-parts suppliers are avoiding Russian goods, adding to the strain on automakers who are already dealing with a chip scarcity and rising energy costs.

Consumer inflation in the United States reached its highest level in four decades, owing to rising housing, food, and petrol prices, bolstering the case for a Federal Reserve interest rate hike.

Tesla’s stock has lost roughly 25% of its value year to date, closing 5% down at $795.35 on Friday. Last week, Tesla raised the prices of its Model Y SUVs and Model 3 Long Range sedans in the United States by $1,000 each, as well as some Model 3 and Model Y vehicles built in China by 10,000 yuan ($1,582.40).

Rivian Automotive, a US electric vehicle manufacturer, stated last week that supply-chain concerns could slash its planned production in half, citing high raw material prices and supply-chain bottlenecks as reasons. Toyota Motor Corp. of Japan said it would cut domestic output by up to 20% in April-June to relieve pressure on suppliers dealing with chip and other part shortages.

Apart from this, you can also read EntertainmentTech, and Health-related articles here: Grimes net worth, Firefly Lane Season 2Harnaaz Sandhu Net WorthSmallPDFDramacoolSquid Game Season 2Joe Biden net worthCrackstreamThe Matrix 4GokuKung Fu Panda 4Leonardo DiCaprio net worthDiabolik Lovers Season 3Twitch Error 2000Alyson HanniganBrent Rivera net worthEmma Watson net worth444 angel number666 angel number1616 angel number777 angel number333 angel numberDave Portnoy net worthMessi net worthKeanu Reeves net worthThe Equalizer 3The 100 Season 8Gina Carano net worthBruno Mars net worthKissAnimeJim Carrey net worthPDF DriveYoutbeBailey Sarian Net WorthBollyshareAfdahMoviezwapY8JalshamoviezProject Free TVKissasianMangagoJio RockersM4uHDHip dipsM4ufreeNBAstreams XYZCCleaner Browser reviewAvocado CaloriesBear Grylls net worthHighest Paid CEOThe 100 season 8Sundar Pichai net worth, and F95Zone.


Subscribe to Our Newsletter

Related Articles

Top Trending

Best Mobile Games for Commuting Without Internet
Best Mobile Games for Commuting Without Internet
Gaming Merch Brand
10 Steps to Launch a Successful Gaming Merch Brand in 2025
Best Games to Play With Only One Hand
Best Games to Play With Only One Hand in 2025 – Fun & Accessible Picks
high risk merchant account at highriskpay.com
Secure Your Business With A High Risk Merchant Account At HighRiskPay.com
Future of Tokenomics Innovations to Watch
7 Tokenomics Innovations Shaping the Future of Digital Assets

LIFESTYLE

Clean Beauty Movement
How the Clean Beauty Movement Is Transforming Skincare in 2025
Gender Reveal Balloons
The Ultimate Guide to Gender Reveal Balloons: Colors, Styles, and Surprises
Best Places to Shop in Manchester
Shop 'Til You Drop: The Best Places to Shop in Manchester for Every Style
retirement cities in California
10 Best Retirement Cities in California for a Relaxed and Affordable Life
Mother's Day Around The World
Mother’s Day Traditions Around the World: Mother's Day 2025 Special

Entertainment

cuba gooding jr net worth
Cuba Gooding Jr Net Worth: Photos and Videos Revealed
Taylor Swift Blake Lively Gigi Hadid Feud
Taylor Swift & Blake Lively Feud: Gigi Hadid Quietly Picks a Side
megan fox kids
Megan Fox Kids: A Closer Look At Noah, Bodhi, and Journey
Justin and Hailey Bieber spending time apart
Justin & Hailey Bieber Seen Spending Time Apart in Los Angeles
jasmine crockett net worth
Jasmine Crockett Net Worth: Congress Representative Crockett's Impressive $9 Million in 2025

GAMING

Best Mobile Games for Commuting Without Internet
Best Mobile Games for Commuting Without Internet
Gaming Merch Brand
10 Steps to Launch a Successful Gaming Merch Brand in 2025
Best Games to Play With Only One Hand
Best Games to Play With Only One Hand in 2025 – Fun & Accessible Picks
Fortnite App Store Return
Apple Faces New Legal Push to Approve Fortnite on App Store
Best Games for Apple Arcade Subscribers
The Best Games for Apple Arcade Subscribers in 2025

BUSINESS

high risk merchant account at highriskpay.com
Secure Your Business With A High Risk Merchant Account At HighRiskPay.com
Future of Tokenomics Innovations to Watch
7 Tokenomics Innovations Shaping the Future of Digital Assets
Web3 in Humanitarian Efforts
7 Ways Web3 Is Powering Modern Humanitarian Efforts
Multi-Signature Wallets Boost Web3 Security
Why Web3 Needs Multi-Signature Wallets for Safer Transactions?
Laws Affecting International Shipping
5 Laws Affecting International Shipping in 2025

TECHNOLOGY

Fortnite App Store Return
Apple Faces New Legal Push to Approve Fortnite on App Store
Integrate Smart Technology into Modern Home Design
How to Integrate Smart Technology into Your Home’s Design
Enterprise GRC Solutions
What Capabilities Matter Most in Enterprise GRC Solutions?
Jaguar FK72-10E898-AG Sat Nav SD Card
Navigating the Jaguar FK72-10E898-AG Sat Nav SD Card for Europe, UK, and Ireland
BIOS Tweaks for Gaming Performance
7 Essential BIOS Tweaks For Maximum Gaming Performance

HEALTH

Stroke Patient May Be Nearing the End of Life
Recognizing When a Stroke Patient May Be Nearing the End of Life
PSA Test
For Men: Is the PSA Test Still Necessary?
Cattle Joint Supplements
Top Cattle Joint Supplements: Boosting Your Herd’s Health and Performance
Molar Implant Healing Timeline
The Healing Timeline After Getting Molar Implants
prolactin supplement for milk supply
How Does a Prolactin Supplement Support Milk Supply?