Investors don't listen to Elon Musk on the economy, Tesla bull Gary Black says as he rebukes recession claims
Thursday."I think he's viewed as a great engineer, a great product guy, a visionary about climate change and accelerating the world's transition to a sustainable world – but he's not an economic forecaster."
He said a downturn could actually help the Tesla's stock price because it would be disinflationary – helping to reduce the company's input costs. The central bank raised the cost of borrowing from near-zero to around 4.5% last year – and many investors think it'll start slashing at some point in 2023 to support economic growth.
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