Elon Musk Expresses Concern Over The Possibility Of A Severe Recession

November 30, 2022

Replying to a tweet about the upcoming recession in 2023, Elon Musk said the trend is concerning.

The Fed needs to cut interest rates immediately. They are massively amplifying the probability of a severe recession, Twitter owner tweeted.

Elon Musk has warned of the looming recession several times.

Earlier, Tesla CEO had predicted that the recession could last until spring 2024.

Earlier, the Bank of England set the biggest rate hike in 33 years and warned of a long recession

Musk replied to a tweet agreeing that the Federal Reserve will be again too late to realize the damage done by hiking interest rates.

Elon Musk has lost nearly $100 billion this year, most he has ever lost in a single year.