Elon Musk says there’s a ‘good chance’ Ford doesn’t survive the next recession

Elon Musk says there’s a ‘good chance’ Ford doesn’t survive the next recession

Ford
Tesla CEO Elon Musk.Ringo H.W. Chiu / AP Photo Tesla CEO Elon Musk said in an interview with Recode published on Friday that there's a "good chance" Ford doesn't survive the next recession. "There’s a good chance Ford doesn’t make it in the next recession, " he said. Musk did not explain his prediction further.  Tesla and Ford did not immediately respond to Business Insider's requests for comment. Tesla CEO Elon Musk said in an interview with Recode published on Friday that there's a "good chance" Ford doesn't survive the next recession. Musk was discussing the difficulty of creating a successful auto company and how Tesla, Ford, General Motors, and Chrysler (now Fiat Chrysler) struggled during the 2008 recession. "There have been many attempts to create a car company and they have all failed, even the ones that have had a strong base of customers, thousands of dealers, thousands of service centers, they’ve already spent the capital for the factories, like GM and Chrysler, still went bankrupt in the last recession. Ford and Tesla made it barely through the last recession, " he said. Musk then said Ford may not survive the next recession. "There’s a good chance Ford ....


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