On the morning of May 27, Beijing time, today, when asked by Twitter users whether they think the U.S. economy is approaching recession, Elon Musk, CEO of Tesla, said: "this is actually a good thing. Throwing money on fools has been going on for too long, and some bankruptcy is needed."**
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Later, another netizen followed up and asked musk how long he thought the recession would last. Musk responded: "according to past experience, it will take about 12 to 18 months. Essentially, companies with negative cash flow (i.e. value destroyers) need to die so that they can stop consuming resources."
