Tesla raises EV prices, Ford and GM prepare for economic slowdown

Yahoo Finance published this video item, entitled “Tesla raises EV prices, Ford and GM prepare for economic slowdown” – below is their description.

#Tesla #ev #ford #gm

Yahoo Finance anchors Julie Hyman, Brad Smith and Brian Sozzi discuss Tesla’s latest slate of price increases as well as automakers Ford and GM signaling that they’re preparing for an economic downturn amid inflation and high gas prices.

Yahoo Finance YouTube Channel

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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