Elon Musk says "bankruptcies need to happen" as he predicts recession

Summary by Ground News

Elon Musk, the CEO of Tesla and prospective owner of Twitter, said a recession would be good for the U.S. economy. "Money has been raining on fools for too long," Musk said in a tweet this week. The possibility of an American recession has seemed more likely due to inflation and other factors.

2 months ago·Austin, United States

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Times of India

Global recession can stay for up to 18 months: Elon Musk

Musk was replying to a follower on Twitter who had asked him how long he thinks the recession will last.

2 months ago·Mumbai, India

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The Guardian

Elon Musk welcomes global recession: ‘it’s been raining money on fools for too long’ | Andrew Lawrence

The billionaire has received loans and tax breaks to help keep Tesla afloat, now he says other companies should go bankrupt for the good of the economy

2 months ago·London, United Kingdom

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The Independent

Elon Musk, the world’s richest man, says a recession would be a ‘good’ thing

The Tesla CEO also called out work-from-home policies, noting companies were in for a ‘rude awakening’

2 months ago·London, United Kingdom

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NDTV

Elon Musk Says Recession "A Good Thing", Predicts How Long It Will Last

Billionaire Elon Musk, who previously predicted an economic recession, has claimed that it is actually a good thing, a necessary "rude awakening" after a lax attitude from the COVID-19 pandemic.

2 months ago·New Delhi, India

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