He’s in a position to know:
More Tesla commodity prices are trending down than up fwiw
— Elon Musk (@elonmusk) July 29, 2022
It’s hard to find prices for things like aluminum, plastics, and rare earth metals, but copper futures are down a lot lately, usually a sign of slowing economic activity.
Oil of course is still near $100:
Of course, labor costs dwarf materials costs for most products we buy, and it’s hard to get anyone to come to work.
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