Musk says recession could last until 2024
1:37 am Friday, October 21st, 2022
(Reuters) – 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.
(Reporting by Akriti Sharma in Bengaluru; Editing by Saumyadeb Chakrabarty)
