Title: Musk Warns of Tough Global Economy

Tesla CEO Elon Musk stated that "the electric vehicle manufacturing company is not immune to risks," noting that it will be in a difficult position in the coming months. Musk discussed the demand for cars and achieving higher profits than competitors amid a slow economy, saying: "A third-party audit will be conducted on the cobalt mines that supply Tesla with a key component for battery production." He confirmed that "the company will try to announce its vehicles, something it has not done before," pointing out that "Tesla is not insulated from the global economic environment. I expect macroeconomic conditions to be tough for at least the next 12 months."

Our readers are reading too