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Musk says Tesla, SpaceX see significant inflation risks

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Monday, 14 March, 2022, 14:06
Musk says Tesla, SpaceX see significant inflation risks

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said on Sunday the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics.

Musk in a tweet also asked about inflation rate outlook and said his companies "are not alone", retweeting an article saying the Ukraine-Russia conflict sent commodity prices to their highest levels since 2008.