Elon Musk hopes Tesla can lower vehicle prices in the future

Tesla CEO Elon Musk says that Tesla may start reducing the prices of its electric vehicles, which have increased 20-30% in the past two years.

When Musk was asked about when we can expect Tesla to lower its prices again, Elon said that Tesla could lower prices when “inflation calms down.”

One of the main complaints about Tesla’s electric cars is their cost. In late 2017 Tesla started with the Long Range RWD Model 3, and over the period of the next year or two, prices actually went down as Tesla reached volume production and manufacuring efficiencies.

However, as we hit 2020, the pandemic caused supply chain challenges and inflation that adversely impacted the auto industry along with the broader economy.

In early 2020, the Tesla Model Y started at $53,000. Today, the same vehicle…