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Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: ‘It won't matter' [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
While the Tesla and SpaceX CEO admitted he's “more optimistic” than most, he insisted people shouldn't stress over building a nest egg for the distant future, contrary to the staid advice of nearly all other financial professionals. “Don't worry about squirreling money away for retirement in 10 or 20 years,” said the world's richest man on the Moonshots with Peter Diamandis podcast last week. “It won't matter.” Part of Musk's controversial take lies in his vision of a world transformed by rapidly improving AI, robotics, and energy technology. By 2030, AI will surpass “the intelligence of all humans combined,” Musk predicted. He also claimed eventually there will be more humanoid robots than humans on Earth. Slowly, the traditional job will be replaced as well, with white collar positions first on the list. “Anything short of shaping atoms, AI can do probably half or more of those jobs right now,” he said. The advances could lead to such big productivity increases, he said, [Read more]
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Stockreport

Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: ‘It won't matter' [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
While the Tesla and SpaceX CEO admitted he's “more optimistic” than most, he insisted people shouldn't stress over building a nest egg for the distant future, contrary to the staid advice of nearly all other financial professionals. “Don't worry about squirreling money away for retirement in 10 or 20 years,” said the world's richest man on the Moonshots with Peter Diamandis podcast last week. “It won't matter.” Part of Musk's controversial take lies in his vision of a world transformed by rapidly improving AI, robotics, and energy technology. By 2030, AI will surpass “the intelligence of all humans combined,” Musk predicted. He also claimed eventually there will be more humanoid robots than humans on Earth. Slowly, the traditional job will be replaced as well, with white collar positions first on the list. “Anything short of shaping atoms, AI can do probably half or more of those jobs right now,” he said. The advances could lead to such big productivity increases, he said, [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS