(PresidentialHill.com)- Before he can finalize his Twitter agreement, according to Elon Musk, a few “unresolved problems” must still be discussed. In an interview at the Qatar Economic Forum, Musk said that there is the question of whether the debt portion of the round will come together and the shareholders will vote in favor.
According to the CEO of Tesla and SpaceX, a U.S. recession is bound to happen eventually. More likely than not, there will be a recession in the near future.
Musk clarified his recent comments regarding Tesla’s planned employee layoffs. Over the next three months, he will cut its salaried employees by around 10%.
According to Musk, the layoffs would result in a 3.5 percent decrease in the company’s overall headcount.
“We grew a little too rapidly in some areas on the salaried side,” Musk remarked.
Rival electric vehicle producers are not Tesla’s main hurdles; supply chain interruptions are. According to Musk, their constraints are far more in raw materials and being able to scale up manufacturing.
Musk responded that he’s still undecided at this point on the election when asked if he would back Donald Trump in the 2024 presidential election.
He said a super political action committee might receive a “non-trivial” donation from him.
On Monday, Goldman Sachs Group and economist Nouriel Roubini issued similar recessionary warnings as Elon Musk.
According to Goldman economists, the probability of a U.S. recession during the next 12 months has increased from 15% to 30%, with a conditional probability of 25% for the following year if one is avoided in the near future.
If energy costs continue to climb, even if activity slows significantly, Goldman said they are more concerned that the Fed will feel obligated to respond strongly to high headline inflation and consumer inflation expectations.
By the end of 2022, according to Roubini, CEO of Roubini Macro Associates, there will be a recession in the United States due to declining retail sales, manufacturing, housing, and consumer confidence.
Roubini declared, “We’re extremely near.”