Zinger Key Points
- Elon Musk has repeatedly expressed global and economic concerns, notes The Wall Street Journal.
- The billionaire's statements and actions related to global conflicts and world affairs have not been without controversy.
- Get Monthly Picks of Market's Fastest Movers
Elon Musk, the billionaire entrepreneur behind SpaceX and Tesla, has displayed a more pessimistic outlook on recent global events.
Musk appears to be concerned about a number of issues, including short-term economic fluctuations and global conflicts, especially the ongoing strife between Israel and Hamas, according to a report by The Wall Street Journal.
Since Tesla's third-quarter earnings call on Oct. 18, the stock has decreased approximately 15%. During the call, Musk openly expressed his concerns regarding the impact of rising interest rates on the business, suggesting a potential slowdown ahead.
"I apologize if I'm perhaps more paranoid than I should be, because that might also be the case because I have PTSD from 2009— big time," Musk candidly shared, drawing from his past experiences to underscore his concerns, according to The Wall Street Journal.
"And then," he continued, "2017 through 2019 were no picnic either. There was very tough going."
These reflections provide a glimpse into the challenges Tesla has overcome, illustrating why current economic conditions might be particularly troubling for the billionaire.
On a broader scale, Musk has also voiced concerns about a "civilizational risk" in various forums, cautioning against "sleepwalking" into World War III.
The statements align with his previous comments about the conflict between Ukraine and Russia.
"Nuclear war probability is rising rapidly," Musk posted on X last fall, following months of combat between the two countries.
This sentiment underlines Musk's consistent framing of his work with Tesla and SpaceX as efforts to avert global calamities.
Last year, Musk made headlines with his controversial acquisition of Twitter, which he subsequently rebranded as "X," presenting it as a necessary move to preserve free speech, The Wall Street Journal noted.
The move aligns with his broader philosophy of opposing what he perceives as threats to intellectual diversity, which he has called the "woke mind virus."
Nevertheless, Musk's statements and actions related to global conflicts and world affairs have not been without controversy.
Some in Washington have labeled him as pro-Russian, especially after he stated last year that Crimea rightfully belonged to Russia, the report added.
Read Next: Tesla Looking To Expand Its Supercharger Stations Into Shopping Hubs For Company Merchandise
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.