Elon Musk says upcoming recession is ‘actually a good thing,’ and predicts how long it will last

Tesla CEO Elon Musk, who has gained even more notoriety amid his purchase of Twitter and who has previously predicted an economic recession, claimed that the upcoming recession is “actually a good thing,” a necessary “rude awakening” after a lax attitude from the COVID-19 pandemic.

A Twitter user asked Musk, “Do you still think we’re approaching a recession?”

“Yes, but this is actually a good thing,” the Tesla CEO responded. “It has been raining money on fools for too long. Some bankruptcies need to happen.”

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“Also, all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard,” he added, referring to the increasing number of workers working from home during and after the pandemic, and potentially referencing the lax attitude as a result of checks from COVID-19 relief bills. “Rude awakening inbound!”



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