Billionaire Elon Musk said, “official numbers don’t really tell the exact rate of maximization.” The forecast is likely to continue very sharply this year».



In an April 20 business results meeting, Tesla CEO Elon Musk said the reaction is worse than reported and is likely to continue through the year. According to data from the US Ministry of Labor just released on April 19, U.S. yield rates in March rose to 8.5%, the highest in 40 years as the war between Russia and Ukraine pushed energy prices.
Musk’s comments came after investors allegedly asked about the recent Tesla car upgrade and Tesla’s plans for its goal to make electric vehicles more popular as part of an effort to reduce Taking dependence on human fossil fuels.
Musk said Tesla wants to make electric cars as cheap as possible, but pricing is a challenge in an ever-changing macroeconomic conditions. Tesla CEO believes virtual data doesn't tell the true extent. In some cases, Tesla suppliers have demanded a 20 to 30 percent price hike between 2021 and 2022.
What helps Tesla keep costs low in the short-term are existing contracts with suppliers. However, those contracts are coming to an end and Tesla will see a huge increase in costs. Tesla, especially, has struggled with an increase in cost of original, commodity, and commodity.
In a shared share with Tesla shareholders, the challenges around the supply chain continue, and the company has overcome them for more than a year. In addition to the chip crisis, the recent Covid-19 outbreak has put a heavy weight on the supply chain and factory operations. Moreover, the price of some materials has also risen in recent months.
Musk has encouraged entrepreneurs to consider engaging in lithium production to power Tesla and the rest of the electric-car industry. “Lichium profit today is a soft profit.” Do you like printing money out? The lycheum industry is for you.
This billionaire said Tesla does not plan to install prices immediately. Current price levels are in line with Tesla's forecast for price increases in the next 6-12 months. Nevertheless, he was wary to add that “apparently we don’t control the macro environment”.