'You are a modern day moron': Elon Musk and a former US labor secretary trade blows - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 80 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

'You are a modern day moron': Elon Musk and a former US labor secretary trade blows

Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC.Elon Musk and Robert Reich, a former US labor secretary, got into it on Twitter.

Reich accused the billionaire of being a "modern day robber baron" for cutting worker pay during the pandemic while his own wealth surged. It's not the first time Musk has been sensitive to attacks on his wealth, which sits around $90 billion. "You're a modern day moron" was Elon Musk's blunt response to criticism from former US labor secretary Robert Reich on Twitter Wednesday.

Tesla's chief executive was responding to allegations by the Clinton-era cabinet member that he was a "modern day robber baron" — a term referring to US capitalists in the 19th century who gained their wealth through exploitation — for forcing pay cuts on employees as the coronavirus pandemic hampered the company's ability to make and sell cars.

"Tesla forced all workers to take a 10 percent pay cut from mid-April until July," Reich, who's garnered a reputation for spicy political takes during Donald Trump's presidency, said Tuesday. "In the same period, Tesla stock skyrocketed and CEO Elon Musk's net worth quadrupled from $25 billion to over $100 billion.

As Tesla was forced to close its only US car factory in March because of local shelter-in-place rules, Musk sparred with county leaders online and even filed a lawsuit against them. When allowed to restart production, Tesla told employees they wouldn't be forced to return to work if they were worried about exposure. However,As his net worth hits new heights, Musk seems to be increasingly sensitive to criticisms of his wealth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Elon is Dr Evil and in the list of new magalomaniacs that should not be suppprted

Robert, if he invites you to go on his submarine to discuss this . . .DON'T.

In Elon we Trust

So TrumpLite, ElonMusk, is still engaging in insulting pettiness just like the man he looks up to.

Elon Musk was spot on!

Team Reich!

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Bond King' Jeffrey Gundlach says the day-trading boom is 'downright terrifying' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I heard the same thing since the mid-90s. Hoo hoo Cassandra This guy is cleaning up from a Fed policy that should be much more concerning. Boo hoo Cassandra.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Brexit: Democrats warn Boris Johnson he risks wrecking US trade deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. SpeakerPelosi doesn’t set trade policy realDonaldTrump does - 4 more years! Jobs numbers were strong and MarxistJoe is trying to pull our country down ... now they want to take Uk with them OperationWarpSpeed It is the EU that has consistently broken International law. The U.K. has had to take remedial action because of this illegality. Can anyone imagine US laws on trade, tax, immigration etc being made in say SanJose in Costa Rica by a group of southern American countries? No, they why should the US insist on that for the UK?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's top advertising and media stories for September 10 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »