by silvertomars
Elon Musk Predicts “Severe Recession” in 2023, Broadcasts Plans for Twitter and Tesla
Elon Musk, the billionaire head of Tesla, Area X, and Twitter, on Thursday predicted a “critical recession” in 2023 and promised to not promote Tesla inventory subsequent 12 months “underneath any circumstances.”
Talking in a Twitter Areas audio discussion board, Musk additionally assured buyers Tesla hadn’t “skipped a beat on execution” since he took over Twitter. Twitter required an preliminary interval of intense focus to get its “insane … prices underneath management” to cease it from going “flat bankrupt” subsequent 12 months, Musk mentioned.
“I used to be nonetheless doing Tesla work throughout that point as effectively, by the best way. And I feel actually Tesla has actually not skipped a beat on execution,” he mentioned. “The Tesla workforce is doing an unimaginable job throughout the board in execution.”
Tesla share costs fell additional on Thursday over considerations about slowing demand for electrical automobiles. Musk’s inventory gross sales and deal with Twitter have additionally been blamed as a contributing issue, however Musk rejected this on Thursday, blaming the Federal Reserve’s rate of interest will increase.
Billionaire Elon Musk has warned in opposition to margin debt, per Bloomberg, citing the dangers of “mass panic” within the inventory market as a attainable recession looms.
— unusual_whales (@unusual_whales) December 25, 2022
All of my indicators are pointing to a BIG BLACK crash tomorrow. This menipulated Ponzi goes down. Monday will probably be worse.
— MasterTrader (@MasteredTrader) December 24, 2022
The 6-month decline within the US main index has by no means been this massive and not using a recession. pic.twitter.com/vfb13PptJe
— (((The Each day Shot))) (@SoberLook) December 23, 2022
Is Tesla simply the warning signal that Apple, Amazon, Google and Microsoft are subsequent? t.co/QrORlcfW2X
— Financelot (@FinanceLancelot) December 24, 2022
— Win Sensible, CFA (@WinfieldSmart) December 24, 2022
