AI illustration: Inflation declines toward the end of 2022
Delivered

Elon Musk on inflation: 'it will decline by year end,' delivered

Elon Musk promised Inflation declines toward the end of 2022 by the end of 2022. It happened, but 12 days late.

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“If I were to guess, and I wouldn't take this with a grain of salt, I think inflation is will decline towards the end of this year.”
What actually happened

Musk guessed in July 2022 that inflation would decline toward year end. US CPI inflation peaked at 9.1% in June 2022 and fell to 6.5% by December. AP Jan 12 2023 — US inflation falls for a 6th month ↗

The Progression

Jul 20, 2022
The promise: “If I were to guess, and I wouldn't take this with a grain of salt, I think inflation is will decline towards the end of this year.” · Tesla Q2 2022 earnings call, 2022-07-20 (transcript) ↗
Jan 12, 2023
Delivered — 12 days late. Musk guessed in July 2022 that inflation would decline toward year end. US CPI inflation peaked at 9.1% in June 2022 and fell to 6.5% by December. AP Jan 12 2023 — US inflation falls for a 6th month ↗
Today · Oct 12, 2026
Status: Delivered · 12 days late. It happened.

On Tesla's July 2022 earnings call Elon Musk guessed that inflation would decline toward the end of that year as commodity prices fell. US inflation dropped from 9.1% in June to 6.5% in December.

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Receipts

LAST CHECKED 2026-10-11

General’s record

Delivered
1
20% of resolved claims delivered.
Missed
4
Deadline passed, still no-show.
Still open
10
On the clock now. All 15 General claims →

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