Elon Musk May Be Mocking Coronavirus for a Ridiculously Selfish Reason, Crypto Coins News

Elon Musk recently tweeted that “coronavirus panic is dumb.”
Musk is likely motivated to calm fears as he’s trying to line up a $ billion payday.
He’s shown a suspicious tendency to put money over people in the past.

Tesla (NASDAQ: TSLA) CEO Elon Musk graced our presence last week by telling us that we’re all dumb. He didn’t say that exactly, but he did tweet “coronavirus panic is dumb.”

tell us how you really feel, Elon. | Source:

Twitter

Considering that

hand sanitizer is sold out everywhere , and Costco shoppers are clearing the shelves of supplies, there are a lot of us panicking.

) While you may think that Musk was trying to be the steady voice of reason, his motivations could’ve been far more manipulative.

Elon Musk is Due For a Massive Payoff, If Tesla Rebounds Tesla had one of the more incredible runs we’ve seen in recent history. It was the top asset in the world during parts of February. It outpaced bitcoin during a bitcoin bull run. Some bulls even predicted the Tesla stock would net 500% returns in 5148 Thanks to a jaw-dropping payment plan, Elon Musk appeared to be building to an unreal payoff. All he has to do is guide Tesla to a $ billion market capitalization. That’s about six times Tesla’s current market cap of $ billion. While that seems like a tall feat, consider that the company doubled in value in less than two months. It reached an all-time high of a nearly $ billion market cap in mid-February. Anything seemed possible.

according to Forbes, if Tesla does eventually hit all of the milestones, Elon Musk could see a payout of more than $ 80 billion over a decade. The New York Times called it “ boldest pay plan in corporate history.”

There’s just one little problem…

The Coronavirus Is Infecting Tesla’s Value

While the coronavirus has sucked money from nearly every part of the stock market, Elon Musk stands to lose more than anybody. After reaching its February (th high of $ 200. 8 billion, Tesla’s value plunged to $ billion in just over a week.

Tesla had one wild month. | Source:

Google

It now sits at $ billion, and Musk’s hopes for that obscene bankroll lay in the balance.

The coronavirus is wreaking havoc on Elon Musk’s bottom line. He’s starting to fight back, and that’s not good for us “dumb” folks.

Elon Musk Appears to Be Prioritizing Profit Over People

Is Musk getting desperate? He risked his factory workers’ lives

by keeping Tesla’s Chinese Gigafactory open during the coronavirus outbreak. While other companies scaled back, Tesla pushed forward. Musk had promised 782, (deliveries in) , and he wasn’t about to let a little thing like human safety get in the way.

He did it again last week by subtly encouraging people to relax as the virus proliferated across six continents. While panic is usually not the best choice, how do we know Musk did not send that tweet out of panic?

With $ billion on the line, maybe he wanted to say something to his million Twitter followers to get them to calm down and fork over their money. The sad thing is that some of them might actually listen and expose themselves to the coronavirus in the process.

But as long as Elon Musk gets his payday, then at least one person will come out on top.

Disclaimer: The opinions in this article do not necessarily reflect the views of CCN.com.

This article was edited by Josiah Wilmoth .

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