Elon Musk Responds to 'Crash Is Coming' Narrative, Says 'Momentary Dips' Exist but 'The Macro Trend Is Overwhelmingly Up'

SpaceX (NASDAQ: SPCX ) and Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk said Tuesday that short-term economic setbacks are inevitable but argued that artificial intelligence and robotics will drive a powerful long-term economic growth. Musk Pushes Back On AI Crash Thesis Musk was responding to technology commentator Robert Scoble on X, who shared an article by a Silicon Valley venture capitalist arguing that an eventual AI market crash would be a necessary step toward a long-term technological boom. “There are always momentary dips, even in a rapidly growing economy,” Musk said. He added that the productivity gains from AI and robotics are “so enormous” that “the macro trend is overwhelmingly up.” There are always momentary dips, even in a rapidly growing economy. The productivity gains from AI and robotics are so enormous, however, that the macro trend...