Tesla raised its prices across its vehicle lineup and this was pretty much expected. Inflation has everyone raising prices.
Elon shared reported that commodity prices soared to their highest level since 2008 thanks to Russia supply fears. An analyst at JPMorgan, Dominic O’Kane, toldCommodities ranging from oil and gas and coal to wheat and nickel are seeing insane price rises. The article noted that wheat prices have risen 60% since the beginning of February and that both Russia and Ukraine account for just under 30% of the global wheat exports.
Inflation will hit the poorest the hardest. Whether one is in extreme poverty in the US or in another area of the world, many will feel the pressure of inflation on their wallets. It’s not a good feeling having to put food back because you can’t afford it — I’ve been there many times. I think my own experiences have helped me to cope pretty well but we have a younger generation that probably isn’t ready for the type of inflation that hasn’t been seen in a generation or so. And with Covid turning 2022 into “2020, too,” who knows how high inflation will go?raised its prices. It has to if it wants to survive — and so does any business. Well, except the oil giants, which are essentially drowning in profits but don’t really care about those who are dependent on its products.
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