Follow NFSC News on Gettr | Gnews on Gettr
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.”
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.”
Source link: https://gnews.org/post/p2609429/
Proofread/Edited by: James L
Posted by: James L
For more information, please follow us at:
New York MOS Himalaya ｜MOS TALK