Tesla's Prices Are 'Embarrassing' To Elon Musk As He Offers Hope That They Might Come Down | Carscoops carscoops
Thankfully, he also thinks that the economy will soon improve and even offered a little hope that pricing could be reeled in a little later in the year. “I think inflation will decline towards the end of the year… I’m hopeful — and this is not a promise — but I’m hopeful at some point we can reduce prices a little bit,” Musk said.
The big issue at the heart of pricing is a combination of inflation and supply chain issues, said Musk. “Right now our problem is very much production.” He thinks the brand will continue to improve in that effort throughout the remainder of the year though, adding that “We’ve had many 30,000 car weeks already, so I think a 40,000 car week is within our reach by the end of the year.
. Now, it’ll try to continue the ramp up towards a total volume worldwide in excess of 1,200,000 vehicles. While inflation reduced gross margin for Tesla in Q2, adjusted profit per share was above estimates signaling good times could be just ahead.