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Musk Sees Inflation Easing, Citing Tesla’s Costs Coming Down

  • CEO expects commodity, parts costs to drop in coming months
  • Cybertruck specs and pricing will still be affected, he says
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WATCH: Musk said he sees signs the global economy has gone “past peak inflation,” and he expects a mild recession to hit that could last 18 months.(Source: Tesla)
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Elon Musk, chief executive officer of Tesla Inc. and the world’s richest person, said he sees signs the global economy is “past peak inflation.”

Speaking at the electric-vehicle maker’s annual shareholder meeting, Musk said Tesla’s commodity and component costs are trending downward over the next six months. He also reiterated that he expects a mild recession that could last 18 months.