Musk Says Recession Could Last Until 2024

Musk Says Recession Could Last Until 2024
Elon Musk, chief executive officer of Tesla Inc., in Los Angeles on Dec. 3, 2019. (Apu Gomes/Getty Images)
Reuters
10/21/2022
Updated:
10/21/2022
0:00

Tesla Chief Executive Elon Musk said on Friday he thinks a recession will last until spring of 2024 after earlier raising concerns on demand in China and Europe.

“Just guessing, but probably until spring of ‘24,” Musk said on Twitter when a user asked him how long the recession would last.

Shares of Tesla slid on Thursday, a day after Musk said it was a “little harder” for the electric-vehicle maker to garner demand in the face of a weakening global economy.