Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
21 October 2022 | Other

Elon Musk suggests that the recession will last until 2024

Tesla Inc

This week, Elon Musk said that the recession taking place in China and Europe is negatively affecting demand for Tesla electric cars. When subscribers of one of his social networks asked how long he thought the recession period would last, Musk claimed he didn't expect it to end before spring 2024. Musk didn’t specify which region, China or Europe, he was referring to.

Back in June, Musk expressed his concerns about the economic situation, worrying that Tesla needed to cut 10% of its employees. However, Musk later clarified that it was about salaried workers.

As Tesla recently increased spending on new factories in Berlin and Austin, the company's gross margin wasn’t big enough to satisfy the automotive industry.

Company MarketCheese

Recommended

European Union. Unemployment Rate. The value of the indicator has increased from 6.1% to 6.2%
Today at 9:00 AM
United Kingdom. Manufacturing PMI. The value of the indicator has decreased from 51.4 to 51
Today at 8:30 AM
European Union. Manufacturing PMI. The value of the indicator has increased from 51.4 to 51.6
Today at 8:02 AM
Germany. German Manufacturing PMI. The value of the indicator has increased from 51.7 to 52.2
Today at 8:01 AM
Japan. Manufacturing PMI. The value of the indicator has increased from 51.4 to 51.6
Today at 12:30 AM
Top news
European Union. Unemployment Rate. The value of the indicator has increased from 6.1% to 6.2%
Today at 9:00 AM
European Union. Manufacturing PMI. The value of the indicator has increased from 51.4 to 51.6
Today at 8:02 AM
European Union. CPI (MoM). The value of the indicator has increased from 0.6% to 1.2%
Yesterday at 9:02 AM
European Union. Manufacturing PMI. The value of the indicator has increased from 50.8 to 51.4
24 March
European Union. Trade Balance. The value of the indicator has decreased from 11.2B to -1.9B
20 March
All news

Forecasts

Natural gas sell
Period: 30.04.2026 Expectation: 1500 pips
Selling natural gas with $2.80 target
Indicators and reports FA Other Hot news Chart analysis
Today at 11:48 AM 2
Sinclair_John
NVIDIA Corporation buy
Period: 08.04.2026 Expectation: 800 pips
Fundamental tailwinds set stage for NVIDIA stock reversal
TA Other Technical analysis FA Other Indicators Fundamental analysis
Today at 10:41 AM 5
Lyra_Moonwell1
EURUSD sell
Period: 31.05.2026 Expectation: 3000 pips
Selling EURUSD upon breaching 1.14000
Indicators and reports FA Other Hot news Chart analysis
Today at 10:10 AM 6
Reed_Marcus
EURUSD sell
Period: 03.04.2026 Expectation: 600 pips
EURUSD selloff pursues 1.1400 level
TA Other FA Other
Today at 06:23 AM 10
Bruce_Powers
Brent neutral
Period: 03.04.2026 Expectation: 250 pips
Brent crude selloff targets $108 per barrel
TA Other FA Other
Today at 06:23 AM 11
McCarthy_Raymond
USDCAD sell
Period: 08.04.2026 Expectation: 750 pips
USDCAD goes lower as US economy loses steam
TA Other Technical analysis Indicators and reports Hot news Fundamental analysis
Today at 06:07 AM 7
Emily_Foster
Go to forecasts