Stock Market News
Musk says recession could last until 2024
2022.10.21 01:46
© Reuters. FILE PHOTO: Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS
(Reuters) – Tesla (NASDAQ:) 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.
