October 5, 2022

Iraic

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The founder of Tesla launches his prophecy about what awaits us in economic terms

4 min read

The economic difficulties and the increase in the prices of market products worry the citizens of all nations, since the world, after the Covid and waiting for the military conflicts not to go any further, is aware of what may happen with the economy. That is why, from the business world, some of its most prominent leaders have wanted to make their own analysis of the global situation without forgetting to launch a prophecy for the nearest future as Elon Musk refers.

 

Elon Musk’s prophecy about rising prices

The most media billionaire on the planet, Elon Musk, is known worldwide for leading the Tesla company, which works mainly on the development of electric cars, as well as his forays into the aerospace industry and his latest purchase attempt: Twitter. Much has been said about the purchase offer that Elon Musk presented for the social network of the little blue bird, an operation that threatens to end up in court.

However, this Thursday at a meeting with Tesla shareholders held in Austin, the capital of the state of Texas in the United States, Musk has assured that he believes that inflation has reached its peak and that, in the future, it will end up make a rapid descent.

According to the billionaire, in this way the rise in prices would have already reached a maximum point, thus relieving the pockets of so many consumers that every time we go to the supermarket we see how the price of the shopping basket does not stop go up.

Elon Musk’s prophecies did not just stop there since he also wanted to argue that he considered that in a short period of time the price of raw materials and other components for the manufacture of his cars would end up falling as well. Clearly, there may be downsides to this prophecy from Musk, who has suggested that the US recession would only last 18 months. He himself assumed that it is speculation and that nobody really knows what can happen if we attend to events such as an escalation in the conflict between China and the United States over the island of Taiwan.

The economic difficulties and the increase in the prices of market products worry the citizens of all nations, since the world, after the covid and waiting for the military conflicts not to go any further, is aware of what may happen with the economy. That is why from the business world, some of its most prominent leaders have wanted to make their own analysis of the global situation without forgetting to launch a prophecy for the nearest future as Elon Musk refers.

 

Twitter plan to escape Musk

The president of Twitter, Bret Taylor, shared in a message from that social network a 127-page document to respond to some arguments that Musk recently delivered confidentially in court to oppose the social network’s lawsuit. the last arguments of businessman Elon Musk to “escape” from the social network purchase agreement while his battle in a United States commercial dispute court continues to tense.

Twitter sued Musk in a Delaware court in July to force him to acquire the company after he tried to void the deal, claiming the social network failed to provide figures on fake accounts he required. The founder of Tesla presented last Friday, a counterclaim against Twitter that has not been made public in case the company demanded to hide sensitive information contained in its arguments, to which it responded directly today.

“The arguments in Musk’s countersuit “are factually inaccurate, legally insufficient and commercially irrelevant,” and he asserted that the company is “awaiting trial,” Taylor said. “According to Musk, the billionaire founder of several companies – advised by Wall Street bankers and lawyers – was tricked by Twitter into signing a $44 billion buyout deal.”

Twitter describes those arguments, which include “a new set of excuses,” as an “implausible story” created “to escape a purchase deal that Musk no longer found attractive” once the stock and his assets lost value. The company quotes and refutes one by one more than two hundred paragraphs of Musk’s confidential countersuit, in which he accuses Twitter of not giving him false account figures and manipulating “key metrics” of active users.

To resolve the dispute over the purchase of the social network, the trial between Twitter and Musk will begin on October 17, unless both parties agree on another date, and will last five days, according to recent communications from the court. Published by Iraic.info, news and information agency.

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