Tesla CEO Elon Musk has “super bad feeling” about US economy – Biden responds – Bitcoin news

Tesla CEO Elon Musk has “super bad feeling” about US economy – Biden responds – Bitcoin news

Tesla and Spacex CEO Elon Musk says he has a “super bad feeling” about the US economy. President Joe Biden responded with a list of big investments from large corporations and wished Men luck on their trip to the moon.

Elon Musk’s bad feeling about the American economy

Tesla CEO Elon Musk said he had a “super bad feeling” about the US economy in an e-mail to directors seen by Reuters.

An email titled “pause all employment around the world” was sent two days after Musk told staff to return to work or leave. He also said he needs to lay off about 10% of the staff at his electric car company.

Musk recently warned that the American economy is either already in recession or moving towards it. However, the billionaire, CEO of Tesla and Spacex believes that the recession is “good thing“, It has been raining money on fools for too long. There must be some bankruptcies. ” He also estimated that the recession will last in between 12 and 18 months.

Morgan Stanley analyst Adam Jonas believes Musk’s concerns should be taken into account, elaborating:

Elon Musk has a unique insight into the global economy. We believe that his message would have high credibility.

Biden responds to Elona Mask’s comments

On Friday, President Joe Biden responded to Musk’s comment about the “super bad feeling” about the U.S. economy.

“Well, let me tell you, while Elon Musk is talking about it, Ford is greatly increasing its investment,” Biden said, pulling the card out of his jacket pocket.

“Ford is increasing its investment and producing new electric vehicles, 6,000 new employees – union employees, I might add – in the Midwest. The former Chrysler Corporation, Stellantis, is also making similar investments in electric vehicles. Intel is creating 20,000 new jobs in the production of computer chips, “the president continued.

Biden concluded as he put his card back in his jacket pocket:

So, you know, good luck on his trip to the moon.

After Biden’s response, Musk tweeted, “Thank you, Mr. President!” His tweet included a link to the announcement that NASA had chosen Spacex to land the next Americans on the moon.

Musk is not the only one who predicted that the American economy is going into recession. Great Short Investor Michael Burry recently warned of a looming consumer recession. Goldman Sachs’ Lloyd Blankfein advised every company and consumer to prepare for a recession. Executive Director of Soros Fund Management Dawn Fitzpatrick said a recession was imminent. Director of JPMorgan Jamie Dimon see an economic hurricane coming, telling investors to prepare. One of the scariest predictions came from the author Rich Dad, Poor Dad Robert Kiyosaki who said that markets were falling and that depression and civil unrest were coming.

What do you think about Elon Musk’s comments and Biden’s response? Let us know in the comments section below.

Tesla CEO Elon Musk has “super bad feeling” about US economy – Biden responds – Bitcoin news

Kevin Helms

A student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in the security of Bitcoin, open source systems, network effects and the crossroads between economics and cryptography.

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