Elon Musk Warns A ‘Severe Recession’ Will Be More Likely If Federal Reserve Doesn’t Take Action

  • Musk, who serves as the chief executive of SpaceX, Tesla, and Twitter, also predicted that a global recession could last through 2024.
  • He remarked that the former two companies are in “good positions” to weather the economic headwinds.
  • In an earnings call for Tesla last month, the world’s richest man said that China is experiencing “a recession of sorts” while Europe is likewise seeing “a recession of sorts driven by energy.”
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