Musk Says Tesla, SpaceX Face ‘Significant’ Inflationary Pressure

Musk Says Tesla, SpaceX Face ‘Significant’ Inflationary Pressure
SpaceX owner and Tesla CEO Elon Musk at the E3 gaming convention in Los Angeles, Calif. on June 13, 2019. Mike Blake/Reuters
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Tesla Inc. Chief Executive Officer Elon Musk said the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics.

Musk in a tweet on Sunday 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.