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Elon Musk stumped about unpredictable macroeconomic situation

Elon Musk expresses his reservations over the roller-coaster economy

Zainab Nasir

Elon Musk stumped about unpredictable macroeconomic situation

Elon Musk expresses his reservations over the roller-coaster economy

Elon Musk stumped about unpredictable macroeconomic situation
Elon Musk stumped about unpredictable macroeconomic situation 

Tesla CEO Elon Musk expressed concern over the uncertain macroeconomic situation.

The economy has been on a tumultuous ride these past three years as it has taken a hard hit by  the COVID-19 pandemic, inflation, rate hikes and recession fears.

Musk, therefore, seemed to be vexed by the situation and shared his two cents during a second-quarter earnings call.

"One day, it seems like the world economy is falling apart, next day, it's fine. I don't know what the hell is going on," he said.

The Twitter CEO further added, "We're in, I would call it, turbulent times.”

"I don't have a crystal ball for the global economy. I'd really appreciate it, if I could borrow that crystal ball," Musk expressed reservations.

To note, Tesla reportedly cut-down on prices for its electric vehicles to keep up  pace with the economy and rising interest rates. 

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