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. CFTC EUR speculative positions. The value of the indicator has decreased from -143.9K to -157.8K
6 November
Japan. CFTC JPY speculative net positions. The value of the indicator has increased from 101.6K to 102.3K
6 November
Australia. CFTC AUD speculative net positions. The value of the indicator has decreased from -128.3K to -129.5K
6 November
Canada. CFTC CAD speculative net positions. The value of the indicator has increased from -66.4K to -41.8K
6 November
United States. CFTC Silver speculative net positions. The value of the indicator has increased from 19.7K to 21.3K
6 November
Top news
United States. Nonfarm Payrolls. The value of the indicator has increased from 60K to 165K
6 November
United States. Unemployment Rate. The value of the indicator has decreased from 4.2% to 4.1%
6 November
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.4% to -0.7%
6 November
United Kingdom. BoE Interest Rate Decision. The value of the indicator has increased from 3.75% to 4%
5 November
United States. Trade Balance. The value of the indicator has increased from $-105.7B to $-105B
4 November
All news

Forecasts

BTCUSD sell
Period: 14.11.2026 Expectation: 3500 pips
Sell Bitcoin with $75,000 in view
Indicators and reports FA Other Chart analysis Hot news
30 October 2026 72
Sinclair_John
S&P 500 sell
Period: 14.11.2026 Expectation: 150 pips
Go short on SPX down to $7,500
Indicators and reports FA Other Chart analysis Hot news
30 October 2026 95
Reed_Marcus
Brent sell
Period: 29.11.2026 Expectation: 450 pips
Brent crude sell-off targets $105
Indicators and reports FA Other Chart analysis Hot news
29 October 2026 71
Reed_Marcus
NVIDIA Corporation buy
Period: 12.11.2026 Expectation: 28000 pips
Go long on NVIDIA stock up to $243
Indicators and reports FA Other Chart analysis Hot news
29 October 2026 74
Sinclair_John
S&P 500 buy
Period: 28.11.2026 Expectation: 130 pips
Invest in SPX with 7,850 in view
Indicators and reports FA Other Chart analysis Hot news
28 October 2026 99
Sinclair_John
EURUSD sell
Period: 28.11.2026 Expectation: 4200 pips
Selling EURUSD down to 1.07000
Indicators and reports FA Other Chart analysis Hot news
28 October 2026 112
Reed_Marcus
Go to forecasts