(Reuters) – Tesla (NASDAQ:) Inc Chief Govt Officer Elon Musk on Friday despatched an e mail to his executives ordering a hiring freeze and job cuts, making the e-mail his most direct message on the dangers of a recession.

The billionaire has taken to Twitter (NYSE:) a number of instances within the current previous to share his ideas on a doable recession.

DATE COMMENTS

Could 26 When requested by a Twitter person if he nonetheless thinks

that “we’re approaching” a recession, Musk

replied, “Sure, however that is really a very good factor.

It has been raining cash on fools for too lengthy.

Some bankruptcies have to occur.”

Could 26 When a Twitter person requested how lengthy he thinks the

recession will final: “Based mostly on previous expertise,

about 12 to 18 months,” Musk responded.

“Firms which are inherently detrimental money circulate

(ie worth destroyers) have to die, in order that they

cease consuming sources. ”

Could 20 In response to a Twitter thread by former Meta

Platforms CTO Mike Schroepfer, whereby he

commented a couple of tech downturn and stated, “No one

can predict what’s going to occur over the following

12 months however we have not had an actual unhealthy tech

downturn since 2000″, Musk stated “I ‘member” and

known as the thread “correct.”

Could 16 Remotely addressing the All-In Summit in Miami

Seashore, Musk stated “I feel we’re in all probability in a

recession and that recession will worsen.”

“It will in all probability be some powerful going for, I do not

know, a 12 months, possibly 12 to 18 months, is often

the period of time that it takes for a correction

to occur,” he added.

Dec. 30 In reply to a tweet asking Musk to foretell when

the following recession might be, the world’s richest

man stated, “Predicting macroeconomics is

difficult, to say the least. My intestine really feel is

possibly round spring or summer season 2022, however not later

than 2023.”

Nov. 30 In response to a report shared on Twitter, Musk

stated, “If a extreme international recession have been to dry

up capital availability / liquidity whereas SpaceX

was dropping billions on Starlink & Starship, then

chapter, whereas nonetheless unlikely, shouldn’t be

not possible.”

“GM & Chrysler went BK final recession. ‘Solely the

paranoid survive.’ – Grove”