NEW YORK: Elon Musk said that the US economy was "probably" in a recession -- a judgment at odds with economists and available data -- and cautioned companies to watch costs and cash flows.
"These things pass and then there will be boom times again," Musk told the All-In Summit in Miami Beach, according to a live-streamed video of his remarks posted by a Twitter user. "It'll probably be some tough-going for, I don't know, a year, maybe 12-18 months."