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Tesla Daily: Tesla News & Analysis

Is Tesla Restarting Production in Fremont? (05.08.20)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 8 May 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

➤ Leaked email discloses Tesla’s plan to restart production at their Fremont factory on Friday, May 8th
➤ Alameda County continues to move more slowly in staged re-opening than California
➤ Tesla plans to offer tracking of Autopilot miles on the odometer
➤ Speed limit sign recognition for Tesla vehicles “coming soon” according to Elon Musk
➤ Tesla’s VP of Global Supply Chain reportedly leaves Tesla
➤ Tesla partners with Sunrun on Tesla Powerwall

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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 talking about

0:07.1

Hey everybody Rob mower here and today we are talking again about Tesla's

0:10.4

production status we have some news some of of it conflicting, about that status in Fremont,

0:14.8

then we have a couple of quick news items to cover at the end as well.

0:17.6

But Tesla's talk on the day to day so far, I'm about 10 minutes before close, is up about 5% to $819 or so compared to the NASDAQ up about 1.4%

0:28.0

which by the way means that for the year year to date the NASDAQ has now turned positive.

0:33.1

Pretty crazy.

0:34.1

All right, so as we've been talking about today

0:35.8

is Friday, May 8th for the state of California,

0:38.4

this represents the beginning of phase 2,

0:41.0

which allows for manufacturing to restart, provided that certain safety measures have been put in place.

0:46.0

So from this morning we had a CNBC report on a leaked email from Tesla's HR team going out to all employees,

0:52.0

and in this email they say that Tesla is

0:54.3

attempting to restart production at about 30% of their normal headcount per shift

0:58.9

in Fremont. The key quote here reads quote starting tomorrow May 8th 2020 limited operations will resume at the Fremont factory starting at 30% or normal headcount per shift.

1:08.8

You will be contacted via email or phone by your manager or HR with details on your specific start date and time.

1:15.4

Our gigafactories in Nevada and New York have also begun limited operations as approved by their respective

1:20.2

states.

1:21.2

Similarly, sales, service, and delivery, as well as energy operations, have been gradually

1:25.3

coming back online on a state-by-state basis."

1:28.8

So this email was sent out sometime yesterday, May 7th, and to justify this, Tesla says, quote, the state of California

1:34.7

released new guidelines today permitting certain critical infrastructure including

...

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