Musk says his companies will remain well positioned in 2023

Elon Musk, who heads five companies including Tesla Inc and Twitter Inc, said in a tweet on Friday that his companies will be well positioned in 2023 despite the possibility of a tough economy.

Musk’s tweet comes a day after he raised the possibility of Twitter going bankrupt. Earlier in the day, in his first company-wide email, Musk warned that Twitter would not be able to “survive the upcoming economic downturn” if it fails to boost subscription revenue to offset falling advertising income, three people who have seen the message told Reuters.