Elon Musk Doubles Down on Recession Fears, Says It Is 'Inevitable'

Looming fears of an economic recession have plagued and the country as a whole, and billionaire ‘s latest comments will not help to ease any worry.

In an interview with Bloomberg at the Iconic Forum in on Tuesday, the and CEO spoke about the possibility of an upcoming recession.

“A recession is inevitable at some point,” he told Bloomberg News Editor-in-Chief John Micklethwait. As to whether there is a recession in the near term, that is more likely than not … It is not a certainty, but it appears more likely than not.”

Related: ‘Bankruptcies Need to Happen’: Elon Musk Sounds Off

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