Posted in: Tattle, Technology

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

With the invasion of Ukraine and lockdowns in China putting added pressure on a supply chain that has yet to recover from the ongoing pandemic, many are predicting a global recession. Elon Musk says bring it on.

“This is actually a good thing,” Musk said in response to a question from a Twitter user. “It has been raining money on fools for too long. Some bankruptcies need to happen.

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