403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Elon Musk hails recession as "good thing"
(MENAFN) In answer to a follower's comment, Elon Musk, the world's richest man, tweeted that the US recession is a "good thing" since "it has been raining money on fools for too long." He criticized “Covid-19 stay-at-home stuff” for “tricking” people into thinking they could make money without having to “work hard,” suggesting many people were in for a “rude awakening.”
Musk expanded on his views in response to a tweet from another follower, asking for "companies that are inherently negative cash flow (i.e. value destroyers)" to "die, so that they stop consuming resources."
It's unclear whose businesses Musk referred to. Tesla's high market capitalization was established partly on governmental renewables subsidies.
Musk expanded on his views in response to a tweet from another follower, asking for "companies that are inherently negative cash flow (i.e. value destroyers)" to "die, so that they stop consuming resources."
It's unclear whose businesses Musk referred to. Tesla's high market capitalization was established partly on governmental renewables subsidies.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment