Elon Musk sounds the alarm against demographic collapse

The CEO of Tesla Inc. (NASDAQ:TSLA), Elon Muskwarned on Tuesday of population collapse, an event he had said in the past could potentially pose the greatest risk to the future of civilization.

What happened

Musk, 50 and a father of seven, said the US birth rate has been below minimum sustainable levels for about five decades.

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The billionaire entrepreneur shared figures on Twitter showing that fertility in the country has remained below the replacement rate of 2.1. The data was compiled by The Wall Street Journal, citing the Centers for Disease Control and Prevention.

The richest man in the world added in the same thread that it is rare for him to be both rich and have many children.

The boss of Tesla and SpaceX sought to reject the idea that most people cannot afford to raise many children. “Contrary to popular belief, the richer someone is, the fewer children they have. I am a rare exception. Most people I know have no – or even one – child.

Why this matters

Musk said last year that “demographic collapse” is a much bigger problem than people realize.

Earlier this month, the billionaire shared his concern over Japan’s falling birth rate and rising death rate. Indeed, Japan’s population has seen its largest decline on record, falling by 644,000 units to just over 125.5 million in 2021. It was the largest since comparable data became available in 1950.

Musk, who dreams of colonizing Mars and making life multiplanetary, remarked that people should focus on having more babies.

Price movement

On Tuesday, Tesla stock price closed 6.9% lower at $628.16, according to data from Benzinga Pro.

Photo courtesy of Nvidia, available at Flickr

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