Tesla will lower price for cars if inflation calms down: Musk

Tesla CEO Elon Musk said that his electric vehicle company Tesla would pull down the prices of its car if the inflation calmed down. On the microblogging site Twitter, the tech honcho mentioned the car prices on being asked by a user if the company plans to down the cost of cars after the pandemic or supply chain matters.

“If inflation calms down, we can lower prices for cars,” the tech billionaire wrote on Twitter.

Last month, Musk-owned Tesla once again increased the prices of its electric cars across its entire lineup, with some models going up by as much as $6,000.

After a year of increasing prices almost every month in 2021, Tesla slowed down the rapid rise in prices across its electric vehicles in early 2022.

However, it later updated its online configurator overnight to increase prices across its entire lineup.

As per a recent report, the Model 3 is the one that got the smallest price increase of all Tesla’s lineup. Only the Model 3 Long Range is affected as it went from $54,490 to $57,990, a $2,500 price increase, the report said.

The Model Y, which has become Tesla’s most popular model, has received a more significant price increase, with both versions of the electric SUV going up in cost.

Model Y Long Range went from $62,990 to $65,990, and Model Y Performance went from $67,990 to $69,990.

The Tesla and SpaceX CEO Elon Musk has said that the electric vehicle company is to protect life on Earth and his space company to extend it beyond Earth.

The tech billionaire expressed his opinion on his ventures on microblogging platform Twitter.

“Tesla is to protect life on Earth, SpaceX to extend life beyond,” Musk wrote.

In reply to a user, he said that the company plans to pull down the prices of its car if inflation calmed down.

Last month, Musk-owned Tesla once again increased the prices of its electric cars across its entire lineup, with some models going up by as much as $6,000.

A report said that the electric car company Tesla had laid off workers from its San Mateo office that employed 276 workers.

Meanwhile Hyundai Motor on Thursday launched its Extended Range all-electric Ioniq 6 that delivers 610 kms on a fully charged battery -- a range that is better than the Long-Range Tesla Model 3 that can do 602 kms on a single charge.

Ioniq 6 ‘Electrified Streamliner’ that promises to go from 0 km/hour to 100 km/hour in 5.1 seconds, will go on sale in the US early next year and the company is yet to announce the price.

With a 350-kW charger, IONIQ 6 can charge from 10 per cent to 80 per cent in just 18 minutes.

The company said that the car has the most aerodynamic styling to date and an array of empowering features, such as dual colour ambient lighting, speed sync lighting, EV performance tune-up and electric active sound design (e-ASD), enhancing the electric mobility experience.

“Ioniq 6 is the next ambitious step forward in Hyundai Motor’s strategy to accelerate its transition to electrification and into a position as a global leader in EVs,” said Jaehoon Chang, President and CEO, Hyundai Motor.

The car will be available in 12 colours and is slated to go into production in the third quarter this year.

The electric car offers ultra-fast, multi-charging capability made possible by Hyundai’s Electric-Global Modular Platform (E-GMP).

The electrified streamliner takes advantage of E-GMP to provide an extremely long, 2,950-mm wheelbase, supported by a choice of 20-inch or 18-inch wheels.

With an impressive overall length of 4,855 mm, the car’s 1,880-mm width and 1,495-mm height give it a distinctively sleek and stylish appearance amidst a sea of lookalike EVs.

“The spacious interior, with sustainability and usability at its heart, once again represents a step forward for electric vehicles, in line with the values of our customers,” said Thomas Schemera, Executive Vice President and Head of Customer Experience Division.

The dual colour ambient lighting allows a driver to customise the look and feel of the interior cabin by selecting from a spectrum of 64 colours and six pre-selected themes.

The speed sync lighting mode adds emotion to the driving experience by changing the brightness of the interior lighting in the first row based on the vehicle’s speed.

The optional relaxation comfort seats feature in the first row promote leisure by simply adjusting the seat angle.

In addition, all of its seats are specifically-manufactured for all-electric models, approximately 30 per cent thinner than those in other conventional models, providing more space for passengers, said the company.