Elon Musk Revealed When Tesla Might Lower Car Prices

Over the past year, Tesla several times noticeably increased the prrices of its electric cars, making them far more expensive than a few years ago.

The most recent round in June took the entry-level Tesla Model 3 RWD to $46,990 (plus +$1,450 DST and order fee), and Tesla Model Y LR AWD to $65,990. There is also the MIT Tesla Model Y, reportedly at $61,990.

There were fundamental reasons for that, like constrained/more expensive parts and materials, lockdowns as well as inflation. Another thing was high demand, with long estimated delivery time – up to around a year in some cases. Tesla was also pushing to achieve its high margin target.

Tesla’s CEO Elon Musk was recently asked on Twitter about any plans to reduce the prices after the pandemic or after solving supply chain issues.

His answer was:

“If inflation calms down, we can lower…