Elon Musk: 2023 Recession Will Be Comparable to Financial Crisis of 2008–09

Elon Musk: 2023 Recession Will Be Comparable to Financial Crisis of 2008–09
SpaceX founder Elon Musk during an event in Boca Chica Beach, Texas, on Aug. 25, 2022. Michael Gonzalez/Getty Images
Andrew Moran
Updated:
0:00

Elon Musk, the billionaire CEO of Tesla and Twitter, thinks the next recession will be comparable to the global financial crisis of 2008–09.

While speaking during a Twitter Spaces discussion on Dec. 22, Musk acknowledged that while the U.S. economy is currently in a recession, 2023 will result in a “serious” economic downturn.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
Related Topics