Elon Musk Predicts A 'Serious Recession' Is On The Way

SpaceX And T-Mobile Hold Joint Event In Texas

Photo: Getty Images

Elon Musk believes the U.S. is headed for a 'serious' recession...

The billionaire told Twitter employees last week that he feared the recession could last for "probably a year or two".

And keep in mind, Musk has already hinted that Twitter could face bankruptcy, and is trying to move the platform beyond its current ad-based revenue model.

"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 wrote in his first email to Twitter employees.

Do you think he's right about a recession?! Tweet us your thoughts @ConwayShow!

Read more on the Markets Insider.

Sponsored Content

Sponsored Content