Elon Musk Predicts Mild Recession in The US For 18 Months!

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At The Tesla 2022 shareholders’ meeting, Elon Musk stated that “we are past peak inflation” and likely to see a “relatively mild recession,” lasting for about 18 months.

Speaking about Tesla's plans to use its capital in the coming years, Musk said that Tesla will primarily increase its capital expenditures and research and development spending.

He further added that “a sort of share buyback is possible,” depending on what Tesla’s future cash flow looks like. However, he “wouldn’t want to commit” to Tesla share buybacks just yet.

Overall, if Tesla’s future cash flow is looking solid, and the world is “relatively stable,” then a “share buyback is on the table.”