VIDEO: Elon Musk Talks Twitter Deal, Tesla Layoffs, Trump and U.S. Recession at Qatar Economic Forum
Elon Musk’s appearance at the Qatar Economic Forum featured an in-depth interview with John Micklethwait, Editor-in-Chief at Bloomberg News.
In his appearance at the Qatar Economic Forum this morning, the world’s richest man, Elon Musk, discussed a myriad of important topics, including the current status of his Twitter (NYSE: TWTR) deal, planned layoffs at Tesla (NASDAQ: TSLA), the likelihood of a U.S. recession and the possibility of him supporting Donald Trump in the 2024 U.S. presidential election.
Elon Musk’s appearance at the Qatar Economic Forum featured an in-depth interview with John Micklethwait, Editor-in-Chief at Bloomberg News. During the interview, Musk also discussed current supply constraints, which the Tesla CEO described as the biggest brake on Tesla’s growth.
Musk explained further, stating:
“Our constraints are much more in raw materials and being able to scale up production.”
Musk also touched on the subject of layoffs at Tesla, with the CEO commenting:
“Tesla is reducing its salaried workforce roughly 10% over the next three months or so. We expect to grow our hourly workforce. We grew very fast on the salaried side, grew a little too fast in some areas.”
As expected, Musk was pressed to give an update on the current status of his $44 billion Twitter acquisition, to which he stated that there are still a few “unresolved matters.”
Musk elaborated on the current state of the Twitter deal, saying:
“There is the question of, will the debt portion of the round come together and then will the shareholders vote in favor.”
When the topic of a potential recession in the United States arose, Musk gave his opinion on the matter, claiming: “[A U.S. recession] is inevitable at some point. As to whether there is a recession in the near-term, that is more likely than not.”
When asked whether he would put his support behind Donald Trump in the 2024 U.S. presidential election, Musk, who said he might put a “non-trivial” amount of money in a super PAC, answered: “I’m undecided at this point on that election.”
Video Source: Bloomberg Television YouTube
Small Cap News Movers & Winner Deep Dive – By WealthyVC.com
We scan over 10,000 publicly listed stocks across all seven North American exchanges to uncover the market-moving news that actually matters—focusing on high-quality, liquid, growth-oriented companies in sectors attracting serious capital, like AI, blockchain, biotech, and consumer tech.
Each week, we publish Small Cap News Movers, a curated roundup of small and micro-cap stocks surging on meaningful catalysts. We break down what’s driving the move, tap into rumors swirling on social media, and surface sharp insights from both industry experts and retail sleuths.
From this list, we select one standout stock for our Small Cap Winner Deep Dive, released the next day, where we take a closer look at the fundamentals, narrative, and technicals that suggest this winner could keep running.
Powered by our proprietary 4-element, AI-driven analysis system, our goal is simple: cut through the noise, remove the emotion, and help investors dominate the small-cap market with momentum-driven strategies—completely free.
Sign up for email alerts to get the moves before our social media followers.
Read Next: Why Nvidia’s Tech Investments Could Transform the Entire AI Innovation Ecosystem
Join the Discussion in the WVC Facebook Investor Group
Do you have a stock tip or news story suggestion? Please email us at: invest@wealthyvc.com.
Disclaimer: Wealthy VC does not hold a position in any of the stocks, ETFs or cryptocurrencies mentioned in this article.
