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Fortune
Fortune
Jeff John Roberts

Elon Musk says Trump tariffs will trigger recession this year, Tesla shares tumble

The world’s richest man said the world’s most powerful man will drag the United States into recession during the second half of 2025. The comment, which Elon Musk made about President Donald Trump’s economic policies, came on Thursday on his social media site X amid an epic falling out between the two men who claimed to be close friends just days ago.

Musk’s comments came in response to an X user who described Trump’s aggressive tariff policy—which economists regard as a form of tax is driving up the price of goods—as “super stupid.” The billionaire replied the tariffs “will cause a recession in the second half of this year.”

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