GM is also restarting operations.
It's clear his current instincts, or at least under certain mental states prone to shifting, is that Tesla knows better than Alameda County. Who are they to doubt Tesla's amazing back-to-work plan that worked in China?! Except Musk and Tesla are not in charge of public health. They are not elected officials that are on the line for ensuring a Tesla outbreak doesn't spread to the rest of the county/public.
It takes time to for the government to vet plans and coordinate this stuff. The tweet was unnecessary.
> Nothing in this Order shall be construed to limit the existing authority of local health officers to establish and implement public health measures within their respective jurisdictions that are more restrictive than, or that otherwise exist in addition to, the public health measures imposed on a statewide basis pursuant to the statewide directives of the State Public Health Officer.
From: https://www.gov.ca.gov/wp-content/uploads/2020/05/5.4.20-EO-...
There is literally no problem other than Musk is clearly lying about Tesla's liquidity and is desperate enough that he needs to produce cars this week. I mean he claims there was $8 BB in cash but is getting loans from China and refusing to pay rents. Something doesn't add up.
I'm super curious how this unfolds, especially if he thinks California is up and is now opening a factory in Germany. The meltdown's we'll get from his efforts in Germany are going to be just pure insanity.
Probably not. He's not chairman of the board. Robyn M. Denholm is. The board has some strong figures on it, including Larry Ellison and James Murdoch.
2) He's using Twitter a little bit like Trump - saying somewhat inflammatory things, tapping into an emotional vein, possibly garnering support from fanboys, making noise.
Twitter it seems, is a place where statements don't have to be fully true or real. It's like an 'emotional landscape' where people can push the buttons of the masses and get away with it.
A lot of people in the investor class right now are upset their stocks are falling, they see the pandemic is not as bad as predicted and they want everyone back to work. Many working people feel similarly. But a larger group of people, especially those in difficult conditions, are rightly afraid; the 'meatpacking plants' in various places have had huge covid outbreaks and some deaths, in Canada it's been a serious source of outbreak. There's no reason to believe it won't be the same anywhere else.
But Elon is missing something in his rants: if and when the factory does startup, there will be a COVID outbreak on some level and there is a very high chance that a Tesla employee somewhere, somehow will die from COVID. Now it may not be 'his fault' but it won't matter.
If Elon is seeing as being unsympathetic and not concerned about his staff - and - someone dies from Covid (one way or another, possibly not even really related to his policy) - then it could blow up and backfire on him in an existential way.
CNN: "Elon Musk forces people back to work; 2 dead from Covid" - is the kind of stain that does not come off.
Elon needs to spend a lot more time publicly demonstrating empathy and showing materially how he is working protecting his workers.
I'm not sure this is entirely true - stocks are worth more than they were last June, way before this crisis started and have trended up over the past month. Maybe this will still be true in 6 months or a year, maybe not - its far too early to say. If anything, it seems the "investor class" thinks there are bargains to be had right now.
But culturally, the business world has an innate paternalistic industriousness. They want to 'get things moving' on a much deeper level.
Musk is saying what most business leaders are thinking, right or wrong.
I don't know if Wall Street was right yet, but that was its verdict.
Now, it's true that my IRA is down a little, but I'm not really "the investor class".
You say "very few had the wherewithal to time it right", but I'd question that, because all it took, in principle, was doing nothing. Not possible for everyone who's unemployed, for instance, but not something that takes large amounts of brains or capital.
Yeah, this just isnt true. Every dollar put into the market a year ago has increased in value (broadly speaking, individual investments obviously vary). Being "down from the peak" doesnt matter, what matters is where you are compared to cash (aka, not investing).
Investors almost certainly knew what they were signing up for, so, "yes" would be the answer.
How Tesla ends is not yet written, but even enterprises with steady, conservative hands on the reins have sputtered.
Thought with Elon, who knows :)