Elon Musk Sees His Companies Scaling Through The Potential Economic Rout Of 2023

Elon Musk, who heads five companies including Tesla Inc and Twitter Inc,

Elon Musk has tweeted that his companies will be well positioned should the economy go tough in 2023.

The Tesla chief and Twitter owner had raised the likehood of Twitter going bankrupt.

Twitter currently has $13 billion in debt and faces interest payments totaling close to $1.2 billion in the next 12 months.

The payments exceed the company’s most recently disclosed cash flow, which amounted to $1.1 billion as of the end of June.

Meanwhile, Musk’s electric carmaker Tesla added to its inventory in Shanghai, China, at its fastest pace ever in October.

In October, Tesla produced 87,706 Model 3s and Model Ys in Shanghai but delivered 71,704 vehicles, leaving a gap of 16,002 China-made cars in inventory.

Musk told analysts last month that demand was strong in the quarter and he expected Tesla to be "recession-resilient".

Musk is also the CEO of satellite internet company SpaceX, brain-chip startup Neuralink and tunneling enterprise The Boring Company.


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