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Fortune
Fortune
Business
Will Daniel

Musk says the U.S. is headed for a 'stormy' recession—but Tesla will shrug off 'stock market craziness' and become the 'most valuable company on Earth'

Tesla head Elon Musk talks to the press as he arrives to to have a look at the construction site of the new Tesla Gigafactory near Berlin on September 03, 2020 near Gruenheide, Germany. (Credit: Maja Hitii/Getty Images)

A recession, stagflation, “a variant of another Great Depression”: The forecasts for the U.S. economy this year haven’t exactly been rosy—and Elon Musk has been a leading voice sounding the alarm.

"It does seem like we're headed into a recession here in 2023," Musk said during an episode of the "All-In Podcast" released last week. "My best guess is that we have stormy times for a year to a year-and-a-half.” But while Musk believes a recession is on the way, he still has faith that Tesla will survive and come out on the other side stronger than ever—or at least that’s what he’s telling his staff.

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