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Tesla boss Elon Musk has a “super bad feeling” about the US economy: Biden responds

Tesla and Spacex CEO Elon Musk says he has a “super bad feeling” about the US economy. President Joe Biden responded with a list of important corporate investments and wished Musk luck on his journey to the moon. Elon Musk’s bad feeling about the U.S. economyTesla CEO Elon Musk said in an email to executives seen by Reuters that he has a “super bad feeling” about the US economy. The email, titled “Pausing all hiring worldwide,” was sent two days after Musk asked employees to return to work or leave. He also said he would have to cut about 10% of the workforce at his electric car company. Musk recently warned that the USThe economy is already in or heading into a recession. However, the billionaire CEO of Tesla and Spacex thinks a recession is a “good thing”, saying: “It’s been raining money on fools for far too long. He also estimated that the recession will last between 12 and 18 months. Morgan Stanley analyst Adam Jonas believes Musk’s concerns should be addressed, stating:Elon Musk has an exceptionally informed view of the global economy. We believe that a message from him would have great credibility. Biden Responds to Elon Musk’s Comments On Friday, President Joe Biden responded to Musk’s “super bad feeling” about the US economy.”Well, let me tell you, as Elon Musk talks about this, Ford is overwhelmingly increasing its investments,” Biden said, pulling a card from his jacket pocket. “Ford is increasing its investments and building new electric vehicles, 6,000 new employees (union workers, I might add) in the Midwest. Former Chrysler Corporation Stellantis is also making similar investments in electric vehicles. Your note card in your jacket pocket:So, you know, good luck on your trip to the moon. Following Biden’s response, Musk tweeted, “Thank you, Mr. President!” His tweet included a link to an announcement that NASA had chosen Spacex to land the next Americans on the moon. Musk isn’t the only one who predicted this for the US.The economy is headed for a recession. Big-short investor Michael Burry recently warned of an impending consumer recession. Goldman Sachs’ Lloyd Blankfein advised all companies and consumers to prepare for a recession. Dawn Fitzpatrick, CEO of Soros Fund Management, said a recession was inevitable. JPMorgan CEO Jamie Dimon sees an economic hurricane coming and urges investors to brace themselves.One of the direst predictions came from Rich Dad Poor Dad author Robert Kiyosaki, who said markets were collapsing and a depression and civil unrest was on the horizon.

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