Elon Musk's Not-So-Long-Ago Prediction Of A 1929 Market Crash Falls Flat As S&P 500 Soars 50%, Defying Tesla CEO's Gloomy Outlook

By Yahoo! Finance | Sep 27, 2024 at 04:00 PM EST

Elon Musk's comparison of current market conditions to the 1929 stock market crash led to concerns, but the S&P 500 has surged 50% since then, defying gloomy predictions. Musk's tweet coincided with bank failures and market turmoil, but the market has shown resilience.

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