Elon Musk Calls Coronavirus Panic ‘Dumb’ while Tech Companies Take Control Measures

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by Steve Muchoki · 3 min read
Elon Musk Calls Coronavirus Panic ‘Dumb’ while Tech Companies Take Control Measures
Photo: NASA HQ PHOTO / Flickr

It seems that Tesla CEO Elon Musk is not afraid of the coronavirus and is not going to panic while other giant tech companies are advising their employees to work remotely.

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk through a tweet disregarded the ongoing coronavirus panic where he called it ‘dump’. His comment seems to have been welcomed well by a huge group of his followers, where the tweet had hit 1.1M likes at the time of writing.

However, things are not so cosy on most tech companies like Amazon.com Inc (NASDAQ: AMZN), Facebook Inc (NASDAQ: FB) and also Microsoft Corporation (NASDAQ: MSFT), whereby they have resulted in advising their workers to work remotely. This was as a result of either the workers or contractors testing positive with the deadly virus.

Elon’s comment did not go well with some people who think the virus is spreading and likely to kill many people in the process. In the comment section, one person went ahead to tell Musk that, ‘the worries of the poor look dump to the rich.’ Paul Graham who has a large following replied to Elon by asking a critical thinking question, ‘with exponential functions, you want to err on the side of caution?’

Northern California has experienced an increase in the spread of the coronavirus, where Tesla has its headquarters. At the time of writing, the health officials from Northern California had tested and confirmed 66 coronavirus cases, where one person recently succumbed to the virus on Wednesday.

With over 240 people infected and 14 people dead in the United States, the numbers are starting to scare many once they remember the earlier Wuhan statistics. Most test vaccines are promising to be rolled out on an average of a year, however, with the doubling of infected people globally in weeks, it might be late to save the day.

Will Coronavirus Affect Businesses of Elon Musk?

Elon runs a number of successful businesses including the SpaceX program that is going on as scheduled. However, the ground companies like Tesla which majors in electric cars have received a huge blow as its operations in mainland China has been halted to combat the spread of coronavirus.

Having not able to deliver to the customers as promised, Elon has lost a considerable huge amount of revenue due to the closure. He might not be feeling the heat like Facebook and the like that have resulted in working remotely, however, the long term effect will be significant to ignore.

Whether coronavirus panic is ‘dump’ or not, the facts on the ground show that it cannot be disqualified as a deadly virus. The number of infected and dead people globally since late December 2019 up to now has been rising exponentially, causing the panic.

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Steve Muchoki
Author Steve Muchoki

A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies. Mythology is my mystery! "You cannot enslave a mind that knows itself. That values itself. That understands itself."

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