Tesla CEO Elon Musk thinks a recession will last until the spring of 2024, after saying earlier this week that "a recession of sorts" in China and Europe was weighing on demand for its electric cars.
Tesla CEO Elon Musk thinks a recession will last until the spring of 2024, after saying earlier this week that "a recession of sorts" in China and Europe was weighing on demand for its electric cars.
Despite discounts by automakers such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.