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Recession could last until 2024, says Musk after remark on China, Europe

Tesla CEO said he thinks a recession will last until the spring of 2024, after earlier saying "a recession of sorts" in China and Europe was weighing on demand for its electric cars

Elon Musk
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Tesla, SpaceX CEO Elon Musk (Photo: Bloomberg)

Reuters
Tesla Chief Executive Elon Musk said on Friday he thinks a recession will last until the spring of 2024, after earlier saying "a recession of sorts" in China and Europe was weighing on demand for its electric cars.
 
"Just guessing, but probably until spring of '24," Musk said on Twitter after a user asked him how long the recession would last. It was not clear if Musk was talking about a global recession or expanding on the comment on China and Europe he made on Wednesday.
 
Shares of Tesla Inc slid 6.6% to close at $207.28 on Thursday, a day

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First Published: Oct 21 2022 | 12:15 PM IST

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