Elon Musk undecided on Trump in 2024 presidential election

Why it matters: Musk's deal to buy Twitter, and his criticism of Big Tech, have made him a favorite of Trump supporters. Musk said last month that he'd reverse Twitter's ban on Trump.

The backstory: Musk tweeted last month that he "gave money to & voted for Hillary & then voted for Biden. However, given unprovoked attacks by leading Democrats against me & a very cold shoulder to Tesla & SpaceX, I intend to vote Republican in November."

• Musk tweeted last week that he sees a massive "red wave" coming in midterms, and is leaning toward supporting Florida Gov. Ron DeSantis (R) for president in '24.

The big picture: Musk said in the interview today that a U.S. recession "is inevitable at some point. As to whether there is a recession in the near term, that is more likely than not."

• Musk, confirming plans he had signaled, told Micklethwait that Tesla will cut salaried workers by about 10% over the next three months, although hourly workers will grow.
• Musk said there are still a few "unresolved matters" about his deal to buy Twitter.

Watch the interview.