Coronavirus crisis: Elon Musk threatens to move Tesla HQ out of California

Coronavirus crisis: Elon Musk threatens to move Tesla HQ out of California

Musk has been ranting about the stay-home order since the company's April 29 first-quarter earnings were released, calling the restrictions fascist and urging governments to stop taking people's freedom

Musk's threats came after a series of bizarre tweets earlier this month, including one that said Tesla's stock price was too high
PTI
  • May 10, 2020,
  • Updated May 10, 2020, 1:11 PM IST

Tesla CEO Elon Musk on Saturday threatened to pull the company's factory and headquarters out of California in an escalating spat with local officials who have stopped the company from reopening its electric vehicle factory. On Twitter, Musk also threatened to sue over Alameda County Health Department coronavirus restrictions that have stopped Tesla from restarting production at its factory in Fremont, south of San Francisco.

"Frankly, dis is the final straw," he tweeted. "Tesla will now move its HQ and future programs to Texas/Nevada immediately."

He wrote that whether the company keeps any manufacturing in Fremont depends on how Tesla is treated in the future.

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Musk has been ranting about the stay-home order since the company's April 29 first-quarter earnings were released, calling the restrictions fascist and urging governments to stop taking people's freedom.

An order in the six-county San Francisco Bay Area forced Tesla to close the Fremont plant starting March 23 to help prevent the virus' spread, and it was extended until the end of May. Public health experts say the orders have reduced the number of new coronavirus cases nationwide.

California Governor Gavin Newsom allowed the Bay Area counties to continue restrictions while easing them in other areas of the state, e-mails seeking comment from Alameda County's public health officer and Newsom have not been returned.

Coronavirus causes mild or moderate symptoms for most people. But it has killed more than 77,000 people in the U.S., with the death toll rising.

Also Read: Elon Musk's 'Tesla stock price is too high' tweet shaves off $13 billion from firm value; $3 bn his own

Musk's tweets come as competing automakers are starting to reopen factories in the U.S. Toyota will resume production on Monday, while General Motors, Ford, and Fiat Chrysler all plan to restart their plants gradually on May 18. Tesla is the only automaker with a factory in California.

Musk's threats came after a series of bizarre tweets earlier this month, including one that said Tesla's stock price was too high. Musk also posted parts of the U.S. national anthem and wrote that he would sell his houses and other possessions.

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