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Musk Sees US as ‘Probably’ in Recession Lasting Up to 18 Months

  • CEO’s viewpoint is at odds with economists, available data
  • Recessions can have silver lining in capital allocation: Musk
Bloomberg business news
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Elon Musk said  that the US economy was “probably” in a recession -- a judgment at odds with economists and available data -- and cautioned companies to watch costs and cash flows.

“These things pass and then there will be boom times again,” Musk told the All-In Summit in Miami Beach, according to a live-streamed video of his remarks posted by a Twitter user. “It’ll probably be some tough-going for, I don’t know, a year, maybe 12-18 months.”