Even Elon Musk is confused by the macroeconomic environment.Adrees Latif/Reuters The uncertain macroeconomic environment has stumped even Elon Musk. Tesla has repeatedly slashed EV prices this year to keep up with the competition and rising interest rates. Tesla reported an all-time high revenue of $24.93 billion on Wednesday, beating expectations. To put it mildly, it's been a wild ride these past three years with the economy on a rollercoaster past the COVID-19 pandemic, inflation, rate hikes, recession fears, and now, hopes of a soft landing.The situation has been so confusing that even Elon Musk — the boss of several visionary and futuristic tech companies — seems exasperated and had precisely the right combination of words to express how many feel."One day it seems like the world economy is falling apart, next day, it's fine.
Comment on Elon Musk says he doesn't 'know what the hell is going on' with the economy
htan@insider.com (Huileng Tan), Business Insider
Wed, 07/19/2023 - 7:55pm
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