• “We are headed into, I think, quite a serious recession,” he told Twitter employees in a meeting. “Frankly, the economic picture ahead is dire, especially for a company like ours that is so dependent on advertising in a challenging economic climate,” he told them.
  • In September, he tweeted: “A major Fed rate hike risks deflation”. The Tesla CEO also said that the Fed is “looking in the rearview mirror” with its interest rate hikes.

Source: latestly.com