diff --git a/internal/p10k.zsh b/internal/p10k.zsh
index dbc69c41..09985e0b 100644
--- a/internal/p10k.zsh
+++ b/internal/p10k.zsh
@@ -5021,12 +5021,16 @@ _p9k_prompt_terraform_init() {
 }
 
 function prompt_terraform_version() {
-  _p9k_cached_cmd 0 '' terraform --version || return
-  local v=${_p9k__ret#Terraform v}
-  (( $#v < $#_p9k__ret )) || return
-  v=${v%%$'\n'*}
+  local v cfg terraform=${commands[terraform]}
+  _p9k_upglob .terraform-version -. || cfg=$_p9k__parent_dirs[$?]/.terraform-version
+  if _p9k_cache_stat_get $0.$TFENV_TERRAFORM_VERSION $terraform $cfg; then
+    v=$_p9k__cache_val[1]
+  else
+    v=${${"$(terraform --version 2>/dev/null)"#Terraform v}%%$'\n'*} || v=
+    _p9k_cache_stat_set "$v"
+  fi
   [[ -n $v ]] || return
-  _p9k_prompt_segment $0 $_p9k_color1 blue TERRAFORM_ICON 0 '' $v
+  _p9k_prompt_segment $0 $_p9k_color1 blue TERRAFORM_ICON 0 '' ${v//\%/%%}
 }
 
 _p9k_prompt_terraform_version_init() {