Talking About Inflation and Tesla Prices For

Talking About Inflation and Tesla Prices For

© Reuters

By Laura Sanchez – Tesla (NASDAQ:) CEO Elon Musk’s social media posts are not only trending for his fans, but also for thousands of investors in the shares of companies owned by the billionaire.

The last conversation with his supporters is about consumer prices.

“Inflation may be slowing,” Musk said on his personal (NYSE:) Twitter account.

“Tesla product prices tend to go down more than they go up,” he adds.

“Will Tesla’s price go up?” asks a Twitter user.

“It’s too early to say for sure,” Musk replies.

This thread has generated a lot of attention from its followers who are now debating whether low inflation means that the prices of Tesla cars will drop.

Currently, the company continues to post profits in the stock market. Yesterday it closed high and today it is high in the previous market.

Note that the US CPI increased by 9.1% in June, 5 tenths more than last month, which forced the US Federal Reserve (Fed) to raise its interest rates this week by 75 basis points.