The world is struggling through the impact of the global Coronavirus outbreak that has engulfed the entire world. Well, engulfed the world as whole, is a bit much. The coronavirus, or COVID-19, is present in different pockets of the world with higher concentration in China, South Korea, Iran, and other troubled regions.
Coronavirus Fears and Unrest
Citizens of the earth are freaking out, and rightfully so. Novel diseases always cause great concern for general wellbeing. It’s not only people that worried but corporations and governments as well.
For instance, Apple had to endure a disruption in its supply chain after the Chinese factory that manufactures them shut down. Starbucks pulled back on China operations. Tesla even took a hit from an operational standpoint.
Global industries with strong links in the production of goods with China as well as the Chinese market are suffering the economic impact of billions, while those closer to the epidemic have to bear a loss of their livelihoods as businesses close down and districts like Wuhan are put into partial quarantine.
Local governments in Italy have closed schools. Conferences across the world are being canceled, and fears are spilling over into the financial markets as well. The S&P 500 reverted back to the levels of the prior year and travel, oil, and other company stocks are taking quite a beating.
We saw that some technology giants like Apple have announced that it will allow its employees to work from home to lower the risk of their people catching the virus. Further companies such as Microsoft and Alphabet may deploy similar strategies to do their part to stop the virus from spreading.
Coronavirus has taken the lives of 3800 people and has now spread to every continent of the world, with the mortality count slowly increasing.
People may have stopped going out for social affairs. Airports are deserted, theme parks look haunted, and general economic activity might not be as robust as it was before.
It’s not a great time. Not a great time at all.
Elon Musk and the Coronavirus Staredown
But Elon Musk, thinks that those in the fear camp might be taking the wrong approach. Musk is not worried at all. At least, that’s what we can glean from his recent tweet.
The CEO and founder of SpaceX and Tesla tweeted on Friday, March 6, that ‘The Coronavirus panic is dumb’.
The short tweet has both enraged some and has others agreeing with the entrepreneur. But the others are a small portion of his general audience.
Many people have criticized Musk on social media for voicing medical-related advice when he is not qualified to do so. Some have even mocked his wealth as his reason for not panicking.
Where do you stand on the coronavirus issue? Are you stocking up on toilet paper and hand sanitizer or are you going about your day as normal?