Elon Musk sounds the inflation alarm as Tesla raises prices amid a squeeze in nickel

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Elon Musk sounds the inflation alarm as Tesla raises prices amid a squeeze in nickel
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Elon Musk took to Twitter to sound off on inflation, and said Tesla and SpaceX are both feeling the impact of higher costs.

raised the prices of electric vehicles sold in the US and China on Tuesday as costs for key commodities like nickel surge. for its Model 3 and Model Y vehicles, making this the second hike within a week.

The latest price increase comes after CEO Elon Musk said over the weekend that inflation is hitting Tesla and SpaceX. He to his 77.9 million Twitter followers asking what they thought about the"probable inflation rate" in the coming years. — Elon Musk

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