Elon Musk says ‘inevitable’ US recession will probably come soon

Musk's comments, echoing other CEOs, are accompanied by plan to lay off 10% of Tesla's salaried staff

Elon Musk has warned that a US recession is more likely than not" to come soon as the Tesla chief executive confirmed plans to cut 10% of salaried staff at the electric carmaker over the next three months.

The world's richest man said a recession in the US was inevitable but would most probably come in the short term.