Tesla Inc Chief Executive Elon Musk thinks a recession will last until the spring of 2024, he tweeted on Friday, after saying earlier this week that "a recession of sorts" in China and Europe was weighing on demand for its electric cars. "Just guessing, but probably until spring of '24," Musk said on Twitter after a user asked him how long the recession would last. Shares of Tesla Inc slid 6.6 per cent to close at $207.28 on Thursday, a day after Musk told analysts on a conference call that the weakness in China and Europe was causing demand to be "a little harder than it otherwise would be."
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