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

United States. CFTC Copper speculative net positions. The value of the indicator has increased from 37.5K to 40.1K
Yesterday at 7:30 PM
United States. CFTC Aluminium speculative net positions. The value of the indicator has decreased from -0.7K to -0.9K
Yesterday at 7:30 PM
United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 233.6K to 213.5K
Yesterday at 7:30 PM
Australia. CFTC AUD speculative net positions. The value of the indicator has increased from 70.9K to 81.5K
Yesterday at 7:30 PM
United States. CFTC S&P 500 speculative net positions. The value of the indicator has increased from -80.9K to -42.5K
Yesterday at 7:30 PM
Top news
United States. Nonfarm Payrolls. The value of the indicator has increased from -133K to 178K
Yesterday at 6:08 PM
United States. Unemployment Rate. The value of the indicator has decreased from 4.4% to 4.3%
Yesterday at 6:08 PM
United States. Trade Balance. The value of the indicator has decreased from $-54.7B to $-57.3B
2 April
United States. ISM Manufacturing PMI. The value of the indicator has increased from 52.4 to 52.7
1 April
United States. Retail Sales (MoM). The value of the indicator has increased from -0.1% to 0.6%
1 April
All news

Forecasts

AUDCAD buy
Period: 10.04.2026 Expectation: 500 pips
AUDCAD flashes short-term buy signal
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 11:27 AM 28
Sinclair_John
GBPUSD sell
Period: 10.04.2026 Expectation: 800 pips
GBPUSD is poised to resume decline after short-term bullish momentum
Technical analysis TA Other FA Other Indicators Fundamental analysis
Yesterday at 11:23 AM 26
Lyra_Moonwell1
USDCAD sell
Period: 29.05.2026 Expectation: 2000 pips
Selling USDCAD with 1.37250 target
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 10:06 AM 19
Reed_Marcus
S&P 500 buy
Period: 30.04.2026 Expectation: 1300 pips
Investing in SPX during correction with 6,700 in sight
TA Other FA Other
Yesterday at 07:33 AM 13
Bruce_Powers
Brent sell
Period: 10.04.2026 Expectation: 850 pips
Brent crude pullback is coming as geopolitical premium fades
Technical analysis TA Other Indicators and reports FA Other Fundamental analysis
Yesterday at 06:51 AM 32
Emily_Foster
EURUSD sell
Period: 30.04.2026 Expectation: 850 pips
Selling EURUSD down to 1.1490
TA Other FA Other
Yesterday at 04:12 AM 21
Bruce_Powers
Go to forecasts