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Translated by: MOS English Team – Master LL

Today, on the morning of May 27th, when asked by a Twitter user if he thought the U.S. economy is approaching a recession, Tesla CEO Elon Musk said: “This is actually a good thing, putting Money on fools has been going on for far too long, and there needs to be some bankruptcy.”

FILE PHOTO: Elon Musk talks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan, January 13, 2015. REUTERS/Rebecca Cook/File Photo

Subsequently, another netizen followed up and asked Musk how long he thought the recession would last. Musk responded: “Based on past experience, about 12 to 18 months. Companies that are inherently negative cash flow (ie value destroyers) need to die, so that they stop consuming resources.”

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Proofread/Edited by: James L
Posted by: James L

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