Elon Musk says he thinks inflation is worse than reported and likely to continue through 2022

CNBC/Lora Kolodny/4-21-2022

“I think the official numbers actually understate the true magnitude of inflation. And inflation appears to be likely to continue for at least the remainder of this year.” Elon Musk, Tesla CEO

USAGOLD note: Musk says some Tesla suppliers have bumped prices 20% to 30% – numbers that rival the inflation rate Europe is experiencing. He goes on to say that “we don’t control the macroeconomic environment” or what will happen if “governments keep printing vast amounts of money.”