Elon Musk Expects US Recession Will Last a Long Time but Will Be ‘Relatively Mild’

Click here to read the full article.

Tesla CEO Elon Musk says he expects a recession in the United States to last around 18 months, although he anticipates it will be “relatively mild.”

Musk made the comments at the electric vehicle makers’ annual shareholder meeting on Thursday.

While he joked that “making macroeconomic prognostications is a recipe for disaster,” the businessman said his personal guess is “that we are past peak inflation and that we will have a recession. … I’m just guessing here, this is total speculation. But I would guess it’s a mild recession for … 18 months or something like that,” Musk said.

Continue reading here.

Scroll down for comments and share your thoughts!

What do you think?

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

Horrific crash at LA intersection leaves at least 6 dead including infant and pregnant woman

US Economy Adds 528,000 Jobs in July, Surpassing Estimates