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Musk: The U.S. recession "is actually a good thing"

via:新浪科技     time:2022/5/27 12:02:24     readed:65

Sina Technology News Beijing time on the morning of May 27, today, when asked by Twitter netizens whether they think the US economy is close to recession, Tesla CEO Elon Musk said: "This is actually a good thing, the matter of throwing money on fools has been going on for too long, and some bankruptcies need to occur." ”

Subsequently, another netizen followed up and asked Musk how long he thought the recession would last, and Musk responded: "Based on past experience, it will take about 12 to 18 months." Companies that are essentially negative cash flow (i.e., value destroyers) need to die out so that they can stop consuming resources. ”

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