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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Tesla

Elon Musk hits out at the media’s ‘relentless hatestream’ of bad news in a week of setbacks for Tesla

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Georgina Mckay
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February 8, 2022, 5:10 AM ET
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Elon Musk took to Twitter Tuesday morning in Asia to criticize traditional media for pumping out a “relentless hatestream” of bad news.

In a string of tweets and replies to other posts, the Tesla Inc. CEO lamented that it was “so hard to find out what’s going on in the world without being bombarded with news that makes one sad & angry!”

Musk lashed out at the media for “focusing relentlessly” on bad news, saying it doesn’t give an accurate representation of reality. In a reply to another user, the billionaire said “careless negativity (destruction) is much harder than thoughtful positivity (creation).” 

Most news outlets attempt to answer the question: “What are the worst things happening on Earth today?”

It’s a big planet! Obviously, some bad things are happening somewhere at any given time, but focusing relentlessly on those does not give an accurate picture of reality.

— Elon Musk (@elonmusk) February 7, 2022

The tweets came a few hours after Brett Winton, director of research at Ark Investment Management LLC, tweeted “it is deeply weird that the internet tried to bully, threaten, extort and browbeat us into giving up on Tesla,” the electric-car pioneer that sold more than 936,000 cars last year, up 87% on 2020 figures.

To which Musk replied “the insane tweet FUD campaign & press hatestream of 2017-2019 is still easily found,” using the shorthand for fear, uncertainty and doubt.

Musk’s anti-media tweets came just as Tesla said a California agency informed the electric automaker that it has grounds for a civil complaint, following an investigation into racial harassment. And making a bad day worse, Tesla received another subpoena from the U.S. Securities and Exchange Commission about Musk’s tweeting back in 2018 that he was considering taking the EV maker private.

Musk was particularly active in replying to other users in his latest Twitter tirade. In one exchange he suggested that “maybe part of why traditional media outlets are so negative is because old habits die hard? They so rarely even try to be positive that said censorship isn’t the answer.”

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