Last week, Musk tweeted that he believes it would be beneficial for the US economy to go into a recession and that “some bankruptcies need to happen.”
Do you still think we’re approaching a recession?
— Zack (@BLKMDL3) May 27, 2022
Tesla’s billionaire boss said that the domestic economy is in for a “rude awakening.” He also said that working from home has made Americans lazy.
When asked by a Twitter user if he thought there would be a recession, Musk replied: “Yes, but this is actually a good thing. It has been raining money on fools for too long.”
He then added: “Some bankruptcies need to happen. Also, all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard.”
“Rude awakening inbound!”