'Some bankruptcies need to happen': Elon Musk’s old recession quote resurfaces as US stock market struggles

In 2022, Elon Musk welcomed a recession to correct market excesses. Now, in 2025, President Trump's new tariffs are sparking recession fears, prompting warnings from economists and business leaders like Jamie Dimon. Despite his earlier stance, Musk now opposes the tariffs, advocating for free trade between the US and Europe, signaling a shift in his economic perspective.

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