If the world went into a recession, it would be a good thing, according to Musk.
The CEO of the two companies said that the world is approaching a recession which is a good thing.
The richest man in the world said that it has been raining money on fools for too long.
His remarks come at a strange time, given that the stock price of the company has plummeted over the last couple of weeks.
The comments shouldn't come as much of a surprise given that Musk has railed against the stock market before, most recently attacking the S&P 500's sustainable index for removing Tesla from the list.
The next recession could last about 12 to 18 months, according to Musk, who said that companies that are inherently negative cash flow need to die so that they stop consuming resources.
His competitors should leave his turf.
Musk believes that COVID-19 lockdowns made people lazy.
Musk said that the stay-at- home stuff tricked people into thinking that they don't need to work hard.
Is Musk in a position to make these types of arguments? It seems like he could be the one who is in for a rude awakening since he has already lost more than $1 billion in his bid to buy the social media giant.
People in glass houses love throwing stones.
There is more on the topic of storing all human DNA in a database.
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