Elon Musk says upcoming recession is 'actually a good thing,' and predicts how long it will last

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Tesla CEO Elon Musk claimed that the forthcoming economic recession is 'actually a good thing' and a 'rude awakening' for 'fools' that have been receiving money 'for too long.'

, who has gained even more notoriety amid his purchase of Twitter and who has previously predicted an economic recession, claimed that the upcoming recession is "actually a good thing," a necessary "rude awakening" after a lax attitude from the COVID-19 pandemic."Yes, but this is actually a good thing," the Tesla CEO responded. "It has been raining money on fools for too long. Some bankruptcies need to happen.

Elon Musk attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the"In America: An Anthology of Fashion" exhibition on May 2 in New York. On Monday, SpaceX President and COO Gwynne Shotwell defended Musk "Also, all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard," he added, referring to the increasing number of workers working from home during and after the pandemic, and potentially referencing the lax attitude as a result of checks from COVID-19 relief bills. "Rude awakening inbound!"Another Twitter user asked how long the recession would likely last.

BlackRock, the world's largest asset manager, warned this week that the Federal Reserve's move to increase interest rates to offset record

 

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Solar panel soon will be sold at IKEA are you going to put solar panels on your cars so we can get rid of the filthy fossil fuels for your EV, your electric cars

Agree & buying opportunity

A recession in itself is neither good nor bad, just a reality. We've given money in exchange for indolence. Many inefficiencies will be resolved with either effort, reorganization or bankruptcy. It's not Elon's fault the government is using its citizens as pawns.

Yup, because then hedgies/banks/institutions/ predatory shorters r fuct

It will be a short recession !

He looks effeminate in this photo. No wonder Grimey left him.

Cathartic, not good.

Good for that crap

He's not wrong. Not at all.

I can testify to this 🙄

realMeetKevin how do you support this guy calling people fools? Aimed at who? Low income people. I just don't see him as philanthropic as proclaimed by ur tribe GerberKawasaki mayemusk I tagged his mom so you know it's true greg16676935420 ProTheDoge GrahamStephan

So when is he moving to Mars?

Recession has always been good for the rich.

Conservative hero welcomes recession?

Fox News is like watching hundreds of clowns exit a VW Bug dressed like doctors, lawyers and intelectuals.. predictably pathetic

based on the reading he does all day or really coming from him?

Did Elon buy Fox too?

'Actually Tesla stock prices dropping is actually a good thing' - Elon Musk (probably)

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