“On the same day that Elon Musk, the famously eccentric CEO of the electric-car company Tesla, saw his net worth hit $36.6 billion, Maricela Betancourt, one of the many people who work in his factories, was agonizing over her family’s bills.” What Life Is Like for Millions of Americans Facing Financial Ruin Because of the Pandemic. “While she relied on a food bank to supplement family dinner and Daniel turned to gig work for extra -income, Musk publicly mused that he’s considering selling all of his possessions because they ‘just weigh you down.’ Tesla’s stock price rose so steeply this year (28%) that on May 1, Musk tweeted that it was too high.” (For someone who’s dating a singer, he sure is tonedeaf.)

+ Related: “Tesla sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla’s headquarters and future programs from the state to Texas or Nevada.” (I’ll chip in for a one way hyperloop ticket.)

+ The coronavirus economy is exposing how easy it is to fall from the middle class into poverty.

+ “The government reported that 20.5 million people lost their jobs in April. It marked a period of unfathomable pain across the country not seen since the Great Depression. Also on Friday, the stock market rallied.” The Bailout Is Working — For the Rich.

+ A key indicator: As millions of Americans are going broke, Peloton can’t make bikes as fast as people are buying them.