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Tesla Daily: Tesla News & Analysis

Alameda County Responds, California AG Comments, HR Email (05.13.20)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 14 May 2020

⏱️ 6 minutes

🧾️ Download transcript

Summary

➤ Alameda County Public Health Department responds to Tesla's attempts to restart production in Fremont, California
➤ California's attorney general comments on Tesla's production situation and policy enforcement
➤ Tesla's HR team sends out email to employees as some return to the factory
➤ SpaceX Model X prepares for Crew Dragon Demo-2 launch

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Executive producer Rish Singh
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Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody Rob mower here and today we are continuing our discussion around Tesla's production status in Fremont. We now have an official statement from the county as well as California's attorney general on the matter.

0:17.6

And with that I think we have some semblance of finality on this issue, meaning hopefully we can start to move forward.

0:24.0

Tesla stock on the day today was down in a challenging macro environment 2.3% to $790.96

0:30.9

that compared to the NASDAQ down 1.6% and in terms of other automakers at least in the United States

0:35.9

Tesla fared the best with GM Fiat Chrysler and Ford all down in the 3.5 to 5% range

0:41.4

All right we'll start with a statement from the county.

0:43.6

This came out late last night.

0:45.2

This is from Alameda County's public health department.

0:48.2

On the matter with Tesla, they say, quote,

0:50.1

we received Tesla's site-specific Fremont

0:52.2

COVID-19 prevention and control plan yesterday, as anticipated.

0:56.3

A site-specific plan is part of the governor's guidance for reopening manufacturing.

1:00.4

We reviewed the plan and held productive discussions today with Tesla's representatives about their safety and prevention plans, including some additional safety recommendations.

1:08.0

If Tesla's prevention and control plan includes these updates and the public health indicators remain stable or

1:13.6

improve. We have agreed that Tesla can begin to augment their minimum business

1:18.0

operations this week in preparation for possible reopening as soon as next week.

1:23.4

We will begin working with the Fremont Police Department

1:25.8

to verify Tesla is adhering to physical distancing

1:28.6

and that agreed upon health and safety measures

1:30.2

are in place for the safety of their workers

1:32.4

as they prepare for full production.

1:35.0

Next Monday, May 18th marks two weeks following the May 4th order loosening restrictions,

...

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