TSLA - Tesla Motors

[fareastwarriors]

Tesla prepared to move car factory out of California after Covid-19 fight, Elon Musk tweets

 

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

[Dalal.Holdings]

Tesla prepared to move car factory out of California after Covid-19 fight, Elon Musk tweets

 

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

 

Easier said than done. Don’t think they can move a car factory, but they will try to sue the county. I think there are constitutional grounds for them to win too.

 

Local leaders are going a bit overboard with lockdowns. I think closing beaches/parks is also needless.

[fareastwarriors]

Tesla prepared to move car factory out of California after Covid-19 fight, Elon Musk tweets

 

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

 

Easier said than done. Don’t think they can move a car factory, but they will try to sue the county. I think there are constitutional grounds for them to win too.

 

Local leaders are going a bit overboard with lockdowns. I think closing beaches/parks is also needless.

 

The next Tesla factory will never be in California anyways. Doubt their current Fremont factory can move either.

 

If Tesla HQ with all those high-paying jobs moves, then that's an ouch for the Bay and California.

[Dalal.Holdings]

Tesla prepared to move car factory out of California after Covid-19 fight, Elon Musk tweets

 

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

 

Easier said than done. Don’t think they can move a car factory, but they will try to sue the county. I think there are constitutional grounds for them to win too.

 

Local leaders are going a bit overboard with lockdowns. I think closing beaches/parks is also needless.

 

The next Tesla factory will never be in California anyways. Doubt their current Fremont factory can move either.

 

If Tesla HQ with all those high-paying jobs moves, then that's an ouch for the Bay and California.

 

Yeah. Easier to move HQ than a car factory. They could even do what a lot of corporate America has done and "move" HQ to another country (when in reality the execs continue to work out of offices in the U.S.) to screw over American taxpayers...but TX is more likely.

[patience_and_focus]

Tesla prepared to move car factory out of California after Covid-19 fight, Elon Musk tweets

 

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

 

Easier said than done. Don’t think they can move a car factory, but they will try to sue the county. I think there are constitutional grounds for them to win too.

 

Local leaders are going a bit overboard with lockdowns. I think closing beaches/parks is also needless.

 

The next Tesla factory will never be in California anyways. Doubt their current Fremont factory can move either.

 

If Tesla HQ with all those high-paying jobs moves, then that's an ouch for the Bay and California.

 

Yeah. Easier to move HQ than a car factory. They could even do what a lot of corporate America has done and "move" HQ to another country (when in reality the execs continue to work out of offices in the U.S.) to screw over American taxpayers...but TX is more likely.

 

I don't think he is thinking of saving on taxes by moving HQ, otherwise he would have moved out of CA long time back. I think he is threatening to move the factory. Although there is a decent probability of this happening I think there is a very good chance that he will stick around in CA. This is just a negotiating tactic. It is not easy to replicate what can be done in the bay area anywhere else that easily with talent within the fields of AI, hi tech manufacturing, software engineering, autonomous tech, etc. Maybe New York and Seattle, but certainly not yet in Texas, not even in Austin. There are a lot of start-ups with real talent in each of these areas within bay area itself and hard to replicate outside. It is sort of like moving manufacturing out of China with its supply chain and related factories. Easy to say, and may happen slowly. But it cannot be done in short order without hurting business and talent loss. There is a lot of churn at tech companies, even at executive level (people change jobs faster than changing clothes). These guys don't want to be physically located in a place where there are fewer options to move around.

 

Although I have to say, Peter Thiel did move his shop out bay area.......to LA  :)

[Spekulatius]

Tesla prepared to move car factory out of California after Covid-19 fight, Elon Musk tweets

 

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

 

Easier said than done. Don’t think they can move a car factory, but they will try to sue the county. I think there are constitutional grounds for them to win too.

 

Local leaders are going a bit overboard with lockdowns. I think closing beaches/parks is also needless.

 

The next Tesla factory will never be in California anyways. Doubt their current Fremont factory can move either.

 

If Tesla HQ with all those high-paying jobs moves, then that's an ouch for the Bay and California.

 

Yeah. Easier to move HQ than a car factory. They could even do what a lot of corporate America has done and "move" HQ to another country (when in reality the execs continue to work out of offices in the U.S.) to screw over American taxpayers...but TX is more likely.

 

They will lose of a lot of talent when moving. For tech folks, it is easier to change the job than to change the location. Plenty of jobs in thr Bay Area, or at least it used to be until 8 weeks ago.

[rb]

In true Musk fashion it's all just a media circus.

 

They launch the lawsuit on a Saturday? Sure. So you can tweet about it for 2 days before anything can be officially said.

 

As others have said, there's no way they move the factory. Oh and good luck building an AI company in Nevada.

[Jurgis]

Musk has a cult following. And although not directly comparable SpaceX employees have been going all kind of desolate places since the beginning. So he might build (another?) plant somewhere in US. But it's also a big doze of Elon posturing like he does a lot.

[Guest jalebijim]

Tesla prepared to move car factory out of California after Covid-19 fight, Elon Musk tweets

 

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

 

Easier said than done. Don’t think they can move a car factory, but they will try to sue the county. I think there are constitutional grounds for them to win too.

 

Local leaders are going a bit overboard with lockdowns. I think closing beaches/parks is also needless.

 

The next Tesla factory will never be in California anyways. Doubt their current Fremont factory can move either.

 

If Tesla HQ with all those high-paying jobs moves, then that's an ouch for the Bay and California.

 

Yeah. Easier to move HQ than a car factory. They could even do what a lot of corporate America has done and "move" HQ to another country (when in reality the execs continue to work out of offices in the U.S.) to screw over American taxpayers...but TX is more likely.

 

I don't think he is thinking of saving on taxes by moving HQ, otherwise he would have moved out of CA long time back. I think he is threatening to move the factory. Although there is a decent probability of this happening I think there is a very good chance that he will stick around in CA. This is just a negotiating tactic. It is not easy to replicate what can be done in the bay area anywhere else that easily with talent within the fields of AI, hi tech manufacturing, software engineering, autonomous tech, etc. Maybe New York and Seattle, but certainly not yet in Texas, not even in Austin. There are a lot of start-ups with real talent in each of these areas within bay area itself and hard to replicate outside. It is sort of like moving manufacturing out of China with its supply chain and related factories. Easy to say, and may happen slowly. But it cannot be done in short order without hurting business and talent loss. There is a lot of churn at tech companies, even at executive level (people change jobs faster than changing clothes). These guys don't want to be physically located in a place where there are fewer options to move around.

 

Although I have to say, Peter Thiel did move his shop out bay area.......to LA  :)

 

 

 

 

Most of the auto manufacturers are outside California, if the others can do it he can do it also.

 

He already said Cybertruck will be built somewhere in the Midwest.

 

Maybe they will still keep design and software in Palo Alto.

[Gregmal]

https://nypost.com/2020/05/10/california-pol-tweets-f-k-elon-musk-amid-plans-to-move-tesla/

[LC]

Tesla prepared to move car factory out of California after Covid-19 fight, Elon Musk tweets

 

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

 

Everyone's an expert, I guess:

 

 

https://i.redd.it/afazin874wx41.jpg

[Spekulatius]

Tesla prepared to move car factory out of California after Covid-19 fight, Elon Musk tweets

 

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

 

Everyone's an expert, I guess:

 

 

https://i.redd.it/afazin874wx41.jpg

 

Regarding safety a while ago on Twitter someone showed  a pic of the SpaceX factory floor with workers and challenged to count the number of OSHA violations. I found about a dozen but another guy thought he would see 30. (must have been a TeslaQ guy  ;D). So, I wouldn't necessarily trust Elon on safety. He is a kind of guy who does stuff and asks for forgiveness later.

 

[LC]

Yea I get a bit of a wannabe intellectual vibe from him in certain aspects. If 20% of the work gets you 80% of the way there, I feel like he thinks it get him 100% of the way there.

[Dalal.Holdings]

So...as Boeing saddles itself with large debts and GM/F/GE recircle the toilet bowl, what great industrial companies will be left in America if we destroy Elon’s companies (outside bloated defense contractors who need $1 Trillion in pork barrel funds to build a single jet)?

 

Are we just going to be an economy of sweatshirt wearing keyboard jockeys? Serious q...

[ukvalueinvestment]

I just think he's chosen the wrong battle here and also his past has caught up with him a little.  If he didn't already have a reputation for being "difficult" (eg "paedo guy"), maybe people would be more sympathetic. 

[Dalal.Holdings]

I just think he's chosen the wrong battle here and also his past has caught up with him a little.  If he didn't already have a reputation for being "difficult" (eg "paedo guy"), maybe people would be more sympathetic.

 

I'm not looking for a politician to run these businesses. If you want a politician (Immelt style), you'll get what you ask for: garbage in, garbage out. Immelt was quite suave with maneuvering approval from resistant French officials for his Alstom deal...too bad it was a disastrous acquisition as far as shareholders were concerned.

 

If we're going to attack Musk for his behavior on Twitter or perceived OSHA violations based on photos, we need to know what the real world consequences will be.

 

Or maybe we should just pass over the industrial heavyweight title to China and just get the decline of the Western world over with already...

[ukvalueinvestment]

No one wants a politician or an Immelt running these businesses.  But take any "great" CEO you like: Bob Iger? Dimon? Buffett?

 

These guys know when to keep their mouth shut which is not a trait Musk has.

[Dalal.Holdings]

No one wants a politician or an Immelt running these businesses.  But take any "great" CEO you like: Bob Iger? Dimon? Buffett?

 

These guys know when to keep their mouth shut which is not a trait Musk has.

 

Steve Jobs?

 

Sorry, but that's the only relevant comparison to Musk. Iger, Dimon, Buffett are great but haven't accomplished similar type of feats.

[Dalal.Holdings]

To top it all off, these local left leaning politicians in the Bay Area think they're in it to help out the common man in a place where the common man has been decimated.

 

Well, if you force unnecessary lockdowns, that is going to hurt the businesses in the area that employ the common man--manufacturers (Tesla is by far the largest), small/local businesses, etc. If Tesla moves out of the area over time, there go more jobs that are non-software (and many blue collar)...

 

Lockdowns will not really affect the techies in the Bay Area who are working from home and keeping Facebook and Google humming along.

 

It's not like the gap in wealth and concentration in tech/software in the Bay Area wasn't egregious enough as it was.

[Liberty]

No one wants a politician or an Immelt running these businesses.  But take any "great" CEO you like: Bob Iger? Dimon? Buffett?

 

These guys know when to keep their mouth shut which is not a trait Musk has.

 

None of these guys could run Tesla or SpaceX.

[A Dhandho Investor]

To top it all off, these local left leaning politicians in the Bay Area think they're in it to help out the common man in a place where the common man has been decimated.

 

Well, if you force unnecessary lockdowns, that is going to hurt the businesses in the area that employ the common man--manufacturers (Tesla is by far the largest), small/local businesses, etc. If Tesla moves out of the area over time, there go more jobs that are non-software (and many blue collar)...

 

Lockdowns will not really affect the techies in the Bay Area who are working from home and keeping Facebook and Google humming along.

 

It's not like the gap in wealth and concentration in tech/software in the Bay Area wasn't egregious enough as it was.

 

Let me reply with one article and a reference to a post you made one week ago: https://www.vice.com/en_us/article/7kzgqz/teslas-laid-off-janitors-and-bus-drivers-say-they-cant-afford-food-and-medication

 

The capital markets are open. Why doesn't Tesla issue some equity to pay its employees?

 

https://www.bloomberg.com/news/articles/2020-05-05/tesla-s-musk-clears-last-hurdle-to-collect-706-million-award

 

A measure of Tesla Inc.’s market value on Tuesday reached the threshold needed for Chief Executive Officer Elon Musk to collect the first chunk of his moonshot pay award.

 

The electric-car maker’s average trailing market capitalization over six months topped $100 billion at the close of trading, according to data compiled by Bloomberg.

 

As a result, Musk is eligible to unlock 1.69 million stock options, which he can exercise at $350.02 apiece. The stock climbed 0.9% to close at $768.21, giving the options a value of $706 million.

 

Strange, shorts told me that Elon is a fraudulent CEO who bilks investors. Why would he tweet that "the stock price is too high IMO" if it was in his interest to keep a high stock price and reap this reward? *Shrugs*

[Dalal.Holdings]

 

Let me reply with one article and a reference to a post you made one week ago: https://www.vice.com/en_us/article/7kzgqz/teslas-laid-off-janitors-and-bus-drivers-say-they-cant-afford-food-and-medication

 

The capital markets are open. Why doesn't Tesla issue some equity to pay its employees?

 

This is a joke right?

 

Tesla has left 280 janitors and bus drivers without a lifeline, even as Facebook, Google, and most other Silicon Valley tech firms have committed to keeping paying hourly workers during the pandemic.

 

Is it incomprehensible to even our finest analytical minds such as yourself as to why during a lockdown "Facebook, Google, and most other Silicon Valley tech firms" can continue to 1) generate revenue and therefore 2) pay hourly workers while companies like Tesla cannot? I will give you some time to work on this question.

 

I get it--just print dollars from equity. It's where the entire U.S. economy is headed anyway. Can't produce anything? No problem, just print dollars. BRRRR

[A Dhandho Investor]

 

Let me reply with one article and a reference to a post you made one week ago: https://www.vice.com/en_us/article/7kzgqz/teslas-laid-off-janitors-and-bus-drivers-say-they-cant-afford-food-and-medication

 

The capital markets are open. Why doesn't Tesla issue some equity to pay its employees?

 

This is a joke right?

 

Tesla has left 280 janitors and bus drivers without a lifeline, even as Facebook, Google, and most other Silicon Valley tech firms have committed to keeping paying hourly workers during the pandemic.

 

Is it incomprehensible to even our finest analytical minds such as yourself as to why during a lockdown "Facebook, Google, and most other Silicon Valley tech firms" can continue to 1) generate revenue and therefore 2) pay hourly workers while companies like Tesla cannot? I will give you some time to work on this question.

 

I get it--just print dollars from equity. It's where the entire U.S. economy is headed anyway. Can't produce anything? No problem, just print dollars. BRRRR

 

They had 8 billion in cash at the end of Q1. Is this really one of the "greatest American industrial companies" if they lay off employees while giving the CEO $700 million in option awards?

 

btw: do you consider Tesla now an industrial company instead of a tech company  :o

[Dalal.Holdings]

 

Let me reply with one article and a reference to a post you made one week ago: https://www.vice.com/en_us/article/7kzgqz/teslas-laid-off-janitors-and-bus-drivers-say-they-cant-afford-food-and-medication

 

The capital markets are open. Why doesn't Tesla issue some equity to pay its employees?

 

This is a joke right?

 

Tesla has left 280 janitors and bus drivers without a lifeline, even as Facebook, Google, and most other Silicon Valley tech firms have committed to keeping paying hourly workers during the pandemic.

 

Is it incomprehensible to even our finest analytical minds such as yourself as to why during a lockdown "Facebook, Google, and most other Silicon Valley tech firms" can continue to 1) generate revenue and therefore 2) pay hourly workers while companies like Tesla cannot? I will give you some time to work on this question.

 

I get it--just print dollars from equity. It's where the entire U.S. economy is headed anyway. Can't produce anything? No problem, just print dollars. BRRRR

 

They had 8 billion in cash at the end of Q1. Is this really one of the "greatest American industrial companies" if they lay off employees while giving the CEO $700 million in option awards?

 

btw: do you consider Tesla now an industrial company instead of a tech company  :o

 

Your antics are boring. You are just looking for any dirt on Tesla, nuances do not matter. Your use of the Vice article adds to a mound of evidence indicating so.

 

Arguing with you is a waste of time for both of us--and most importantly: my time.

[patience_and_focus]

To top it all off, these local left leaning politicians in the Bay Area think they're in it to help out the common man in a place where the common man has been decimated.

 

Well, if you force unnecessary lockdowns, that is going to hurt the businesses in the area that employ the common man--manufacturers (Tesla is by far the largest), small/local businesses, etc. If Tesla moves out of the area over time, there go more jobs that are non-software (and many blue collar)...

 

Lockdowns will not really affect the techies in the Bay Area who are working from home and keeping Facebook and Google humming along.

 

It's not like the gap in wealth and concentration in tech/software in the Bay Area wasn't egregious enough as it was.

 

 

As far as I know the quibble between Alameda county (where Tesla factory is) and Elon was about opening on the 11th (today) versus the 18th of this month (next week) as the county needed time to go through the plan Tesla submitted (last week) to ensure workplace safety in high contact environment. I don't think waiting 1 extra week will bankrupt Tesla.

 

P.S: Here is the source of my info -

 

https://www.nytimes.com/2020/05/09/business/coronavirus-elon-musk-tesla-california.html

 

"Scott Haggerty, the county supervisor for the district in Alameda County where Tesla’s Fremont plant is located, said on Saturday that he had been confident that county health officials and Tesla executives were close to an agreement on reopening the plant on May 18. But, Mr. Haggerty said, that appeared to be unacceptable to Mr. Musk, who wanted to open the plant on May 8.

“We were working on a lot of policies and procedures to help operate that plant and quite frankly, I think Tesla did a pretty good job, and that’s why I had it to the point where on May 18, Tesla would have opened,” Mr. Haggerty said. “I know Elon knew that. But he wanted it this week.”