Elon Musk noted that Tesla and SpaceX are seeing significant inflation pressures on their business lines in a tweet thread.
Tesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics
— Elon Musk (@elonmusk) March 14, 2022
It is no surprise, as commodity prices are soaring due to the current situation in Ukraine.
Whether are talking oil, grain or other main commodities, the entire market is up to record levels.
And we are not alone https://t.co/1RpsIbGWMl
— Elon Musk (@elonmusk) March 14, 2022
Elon evidently wanted to start a conversation, as he probed Twitter for thoughts about probably inflation rate over the next few years.
It is an interesting time for both Elon and his companies. Alongside record gains, they face increasing supply chain and material costs.
Musk also provided some advice to his Twitter followers.
He noted that it is better to own physical things like a home or stock in companies that make good products than dollars when inflation is high.
He also confirmed that he still owns Bitcoin, Ethereum and Doge and will not sell his cyrptocurrencies anytime soon.
As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.
I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.
— Elon Musk (@elonmusk) March 14, 2022
