Elon Musk Expects US Recession Will Last a Long Time but Will Be ‘Relatively Mild’

Tesla CEO Elon Musk says he expects a recession in the United States to last around 18 months, although he anticipates it will be “relatively mild.”
Musk made the comments at the electric vehicle makers’ annual shareholder meeting on Thursday.
While he joked that “making macroeconomic prognostications is a recipe for disaster,” the businessman said his personal guess is “that we are past peak inflation and that we will have a recession. … I’m just guessing here, this is total speculation. But I would guess it’s a mild recession for … 18 months or something like that,” Musk said.
Musk said he based his forecast on the commodity prices Tesla is being asked to pay for the materials it needs to make its vehicles in advance, which he said gives the company insight into where prices are generally heading….

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