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Elon Musk has a shocking message on AI and robots [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The argument he made is simple on the surface. The implications, if he is right, would reshape how governments, workers, and investors think about the next decade. What Musk actually said In an April 17 post on X, Musk argued that a federal universal high income is "the best way to deal with unemployment caused by AI." He added that the policy would not trigger inflation because AI and robotics would produce goods and services far in excess of any increase in the money supply. More Elon Musk: Elon Musk's Terafab bet: what it means for Tesla investors Bank of America revamps Tesla stock price UBS has a message for Tesla stock investors His core logic is this: in a normal economy, printing money raises prices because you are chasing the same amount of output. But if AI and robots dramatically expand what the economy produces, the bigger risk becomes falling prices, not rising ones. Handing out government checks, in his view, would be the necessary response to keep dem
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