Tech billionaire Elon Musk – who has long predicted an economic downturn —  shocked the internet on Thursday evening by saying that the upcoming recession is “actually a good thing,” a necessary “rude awakening” after the lax economic regime implemented throughout the coronavirus pandemic.

On Wednesday, a Twitter user asked the Tesla CEO, “Do you think we’re approaching a recession?”

“Yes, but this is actually a good thing,” Musk tweeted back. “It has been raining money on fools for too long. Some bankruptcies need to happen.”

“Also, all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard,” he added. “Rude awakening inbound!”