Elon Musk: stop working from home or stop – PC Trends

I’d like to return to the last two diatribes of Elon Musk, the founder of Tesla and SpaceX. Cartridge? They shed light on recent economic news. At first he dared to say that “all the covid stuff in the house makes people think they don’t have to work really hard. Waking up will be tough”. Of course, Elon Musk denounces telecommuting. In addition, the Tesla boss in a vitriolic email asks his employees to spend at least 40 hours a week in the office. And if they don’t physically show up at the office, he’ll assume these employees have actually resigned! Elon Musk says Tesla’s goal is “the most exciting products in …

I’d like to return to the last two diatribes of Elon Musk, the founder of Tesla and SpaceX. Cartridge? They shed light on recent economic news. At first he dared to say that “all the covid stuff in the house makes people think they don’t have to work really hard. Waking up will be tough”. Of course, Elon Musk denounces telecommuting. In addition, the Tesla boss in a vitriolic email asks his employees to spend at least 40 hours a week in the office. And if they don’t physically show up at the office, he’ll assume these employees have actually resigned! For Elon Musk, Tesla’s goal is “to create the most exciting products from any company on Earth, and that’s not going to happen over the phone.” The CEO justified his bazooka criticism on the pretext of equal working time with the workers of his factories, who themselves are necessarily obliged to go there. The enemies of Elon Musk can easily recall Tesla’s decision to set up its latest battery mega-factory in Germany. With a treasonous question: how will he react given that Germany has the highest average telework percentage in Europe at 1.8 days a week. Additional question: how do you say “good luck” in German? Elon Musk’s second diatribe is even more astonishing. As the clouds of a potential recession hang over the United States, his adopted country, the South African native couldn’t think of anything better to say than, “It’s actually a good thing. It’s been raining money on fools for too long. Some bankruptcies have happened.” Oops! We knew that the CEO did not vote for Jean-Luc Mélenchon, but wish a recession from there? Brief explanation of this hallucinatory tweet. His statement, shocking as it may be, is not an isolated one: some economists believe that a short recession would be the best way to curb inflation and thereby restore household purchasing power. Isn’t Joe Biden doing the same by putting his fight against inflation at the forefront, at the risk of sinking his country into recession? Elon Musk’s comments are brutal, if only in regard to the many companies that will effectively remain on the floor. But in reality, Tesla’s erratic boss mainly wants the elimination of “zombie” companies, as they are called. Estimated at 36,000 in Belgium, these companies have only been able to survive thanks to the very low interest rates introduced by the central banks. A lax monetary policy that should save us from a recession… Like a good Darwinist, Elon Musk believes that these companies offer unfair competition to healthy companies. So it will be ‘cleaned up’ with the recession. The only concern is that our libertarian billionaire is not flawless. He forgets that his own company, Tesla, owes its stratospheric stock market valuation in part to low interest rates. Elon Musk also forgets to mention that Tesla gets most of its revenues not from selling its electric cars, but from reselling its carbon credits to other automakers. In other words, the CEO needs to be more humble and careful about what he says. After all, Tesla was only profitable in 2020. But hey, you can be a business genius and have a goldfish memory. Moreover, as Ingrid Bergman said, “happiness is good health and bad memory”.

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