• About
  • Advertise
  • Careers
  • Write for us
  • Contact
  • Terms of service
Wednesday, June 29, 2022
The Millennial Source
TMS
Home WORLD

What did Elon Musk say at the Qatar Economic Forum?

byThe Millennial Source
June 22, 2022
in WORLD
Elon Musk Qatar

FILE PHOTO: Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. REUTERS/Andrew Kelly

Share on FacebookShare on TwitterShare on Linkedin

On Tuesday, Elon Musk spoke about a range of issues at the Qatar Economic Forum in Doha in an around 20-minute interview with Bloomberg. First, regarding the economy, which he said earlier this month that he had a “super bad feeling” about, he warned that a recession in the US was inevitable at some point and that it would be more likely than not in the near term. 

When speaking about the increasingly saturated EV market, Musk said that the current limitations to Tesla’s growth were more related to the supply chain headaches plaguing businesses worldwide than to competition in the industry. He also confirmed that Tesla would be cutting about 10% of its salaried workforce over the next several months. “A year from now, I think our headcount will be higher,” he added. 

Meanwhile, when it came to Twitter, Musk mentioned that from the financing to the shareholders’ consensus, there are still “unresolved matters” in the US$44 billion deal. Musk has also reportedly supported the idea of integrating payments in Twitter should the deal go through – both for fiat and cryptocurrency. But, he also suggested that if he does acquire Twitter, that doesn’t necessarily mean he will serve as the company’s CEO. “Whether I am CEO is much less important than my ability to drive the product in the right direction,” he said. 

On crypto, specifically, Musk said that people “who are not that wealthy” have encouraged him to support Dogecoin, so he will. 

Key comments:

“A recession is inevitable at some point. As to whether there is a recession in the near term, that is more likely than not. It is not a certainty, but it appears more likely than not,” said Musk.

“A lot of people who are not that wealthy have encouraged me to buy and support Dogecoin,” Musk said. “I’m responding to those people.”

“As anyone knows who has tried to order a Tesla, the demand for our cars is extremely high and the wait list is long,” Musk said. “This is not intentional, and we’re increasing production capacity as fast as humanly possible.” 

Tesla CEO Elon Musk on Trump, Twitter, Job Cuts, Recession Risks

Like TMS? Subscribe to our free daily newsletter

Related

Tags: BusinessEconomyElon MuskWorld
ShareTweetShare

Latest Posts

metal prices

Metal prices fall over recession concerns

June 27, 2022
Supreme Court abortion

The US Supreme Court’s abortion ruling

June 27, 2022
G7 Summit

Here’s what’s happened at the G7 summit so far

June 27, 2022

From John Lee’s comments on Hong Kong travel to the FDA banning Juul vapes – Here’s your June 24 news briefing

June 24, 2022

Chinese streamers need qualifications to talk about professional topics

June 24, 2022

Western Australia’s mining industry probe uncovers numerous cases of sexual abuses

June 24, 2022

Hong Kong’s incoming leader John Lee looks to reduce “inconvenience” for travelers entering the city

June 24, 2022

The US orders Juul vapes off the market. Here’s what you need to know

June 24, 2022

Those pesky cameras aren’t the solution to a productive meeting

June 23, 2022

SUBSCRIBE TO THE TMS NEWSLETTER

By providing your email, you agree to our Privacy Policy

The Millennial Source Ltd. 2021

No Result
View All Result
  • Your daily briefing
  • About us
  • Explore
    • Startups
    • Climate change
    • Tech giants
    • Crypto
    • The future of work
    • Banking giants
    • Economy
  • Lifestyle
  • Human stories
  • TMS archives
  • Write for us
  • Contact
  • Privacy Policy & Terms

2022 The Millennial Source Ltd.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

string(24) "jsonld single post debug"
The Millennial Source
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.