Clinton-Era Economist Accuses Musk Of Shorting Tesla Workers, Cites Stock Performance; Musk Responds

Clinton-Era Economist Accuses Musk Of Shorting Tesla Workers, Cites Stock Performance; Musk Responds


Tesla CEO Elon Musk exchanged jabs with economist Robert Reich, the former secretary of labor under President Bill Clinton, after the left-leaning professor accused him of shorting his workers as a modern-day robber baron.

“Tesla forced all workers to take a 10 percent pay cut from mid-April until July. In the same period, Tesla stock skyrocketed and CEO Elon Musk’s net worth quadrupled from $25 billion to over $100 billion. Musk is a modern-day robber baron,” tweeted Reich.

Two days later, Musk finally responded: “All Tesla workers also get stock, so their compensation increased proportionately. You are a modern day moron.”

All Tesla workers also get stock, so their compensation increased proportionately. You are a modern day moron.

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— Elon Musk (@elonmusk) September 9, 2020

The Tesla CEO’s quip comes as the company experienced a significant decline in the value of its stock, having dropped over 33% on Wednesday since its record of $498.32 price per share

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