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“Bankruptcies Need To Happen”: Elon Musk Says Economy Is In For A Necessary “Rude Awakening”

You can say what you want about Elon Musk’s business practices at Tesla over the last decade, but he sure seems to be spot on when it comes to his view on macro nowadays.

Musk said on Twitter last week that he thinks it would be “beneficial” for the U.S. to go into recession because “some bankruptcies need to happen”, according to a new New York Post report.

We’re not sure Musk would have felt the same way just a couple of years ago when Tesla was reportedly on the verge of bankruptcy, but those days have passed.

Discussing the economy on social media, Musk said it was due for a “rude awakening” and that working from home has “made Americans lazy”.

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