Tech entrepreneur Elon Musk said he’s undecided on who to support in the 2024 presidential election, declining Tuesday to offer any specifics.
Previously, the Tesla CEO said he would lean toward backing Florida Gov. Ron DeSantis, a Republican, if he runs for the nation’s highest office. DeSantis has not said whether he would run for president or not, and it would likely be contingent on whether Trump enters the race as the former president backed DeSantis’s gubernatorial bid in 2018.
Musk wrote on Twitter last month that he plans on voting for Republicans in the 2022 midterms because he “gave money to [and] voted for Hillary [and] then voted for Biden,” referring to former Democrat candidate Hillary Clinton and President Joe Biden.
“However, given unprovoked attacks by leading Democrats against me [and] a very cold shoulder to Tesla [and] SpaceX, I intend to vote Republican in November,” he added.
And last week, the world’s richest man wrote that he sees a significant “red wave” during the 2022 midterms. A number of pollsters and political analysts have warned that Democrats could suffer serious losses in the midterms amid concerns about the economy and left-wing ideologies creeping into institutions, namely schools. The party of the president historically loses seats during the forthcoming midterms.
In his Bloomberg interview Tuesday, Musk warned that a recession is “inevitable” and the United States is in for a “rude awakening” in the near future.
“A recession is inevitable at some point. As to whether there is a recession in the near term, that is more likely than not,” Musk said. “It is not a certainty, but it appears more likely than not,” he continued.
Amid speculation about the economy sliding downhill, the White House has recently repeated a narrative that it’s “not inevitable.”
“No, I don’t think it is,” Biden remarked to reporters in Delaware about whether a recession is more likely than ever. “I was talking to Larry Summers this morning and there’s nothing inevitable about a recession,” he said, referring to the Obama-era Treasury secretary.
It’s unclear what Biden and Summers spoke about or why the president came to the conclusion there will be no recession. During recent media appearances, Summers has made it known that he believes a recession is on the way.
Summers told NBC News on Sunday that his “best guess” is there will be a recession, adding: “I base that on the fact that we haven’t had a situation like the present with inflation above 4 percent and unemployment beyond 4 percent without a recession following within a year or two.”