Elon Musk says recession a good thing as it's been 'raining money' for too long
'It has been raining money on fools for too long. Some bankruptcies need to happen.
'Also, all the Covid stay-at-home stuff has tricked people into thinking that you don't actually need to work hard. Rude awakening inbound!'
Musk wanting an end to the money raining is interesting, given his two main companies, SpaceX and Tesla, have benefitted from handouts in recent years.
The former has been awarded billions in Nasa contracts while the latter is happy to sell off about $6 billion in government-issued carbon credits to other automakers.