Jakarta –
Elon Musk and Jeff Bezos, the two richest people in the world, have warned about the state of the global economy. They talk about it recession what will happen to the world.
This concern is considered plausible because researchers recently put a number on the likelihood of it occurring recession globally just over 98%.
Reported via CNN Business on Friday (10/20/2022), Bezos commented on his Twitter social media account earlier this week. He said it was time to reinforce the ship’s hold or storage space.
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In other words, Bezos warned to prepare immediately for difficult times. In uploading him, the Amazon founder also included a video from the CEO of Goldman Sachs stating that there was a possibility of a recession.
“Yes, the economic odds tell you to be ready to lower the hatch,” Bezos tweeted.
Musk, on the other hand, is a little more optimistic as he tries to allay Wall Street concerns about Tesla’s growth prospects.
Speaking to analysts Wednesday night, Musk confidently said his company had strong demand for the next quarter and that his factories were also running at full capacity.
But he admits that the request is a little more difficult to fulfill. Musk noted that Europe and China are going through some kind of recession. For this reason, he also warned that Tesla will fail to meet his sales growth target.
Tesla shares fell 7% in early trading on Thursday, although the company posted near-record profits in the third quarter. Analysts and investors are increasingly concerned about Tesla’s ability to sustain its growth, as well as logistical problems and rising inflation.
Comments from Musk and Bezos add to the diversity of opinions of powerful figures who fear the economy will deteriorate.
Earlier this month, JPMorgan Chase boss Jamie Dimon scared the entire stock market. The billionaire said a recession could hit the United States in just six to nine months.
In fact, another rich person, Gwyneth Paltrow, can’t sleep because of this.
“The economy sucks. I’m just worried about next year and how severe the recession will be,” Paltrow said.
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