MXLRplus
Active Member
Have you set your watch to Elon-Time yet?
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Model Y Launch/CoronaVirus/Likely Recession
- Thread starter zedtava
- Start date
Have you set your watch to Elon-Time yet?
LasVegas2019
Member
If I were you I would not sell any stocks right now and would get a loan. Fortunately I dont have to make that decision. My financial advisor moved me to all cash in the beginning of Feb. I protested about the capital gains I now have to pay in 2020 but he said a major correction was coming because of a virus thing in China and an election year. At that time the virus was just a side story in the media. A week later the market set a new all time high. Boy was I ticked off with him and then.. crash! I will never question him again! lol
Last edited:
That's crazy to go all cash. Looks like it worked out though! Hoping for a low interest loan after meeting on the 18th.
I work as an IT contractor, and my contract gets renewed every 6 months as needed, and is up in April. Up until now, I've never doubted that it will be renewed.
I'm a LR RWD reservation holder, so I don't see myself getting called by Tesla any time soon, but regardless I'm going to defer if I get the call before my work contract is renewed.
A shelter in place order has been issued for six bay area counties, including Alameda county, where the Tesla factory is located. I would expect all deliveries to be halted (and possibly all manufacturing as well) for the foreseeable future:
Six Bay Area counties order 'shelter in place': Read full text
Six Bay Area counties order 'shelter in place': Read full text
mkspeedr
Member
Does anyone know if the factory production will be stopped? It would be a huge impact to their financial projections.
Item #3 from the Shelter in Place order:
3. All businesses with a facility in the County, except Essential Businesses as defined below in Section 10, are required to cease all activities at facilities located within the County except Minimum Basic Operations, as defined in Section 10. For clarity, businesses may also continue operations consisting exclusively of employees or contractors performing activities at their own residences (i.e., working from home). All Essential Businesses are strongly encouraged to remain open. To the greatest extent feasible, Essential Businesses shall comply with Social Distancing Requirements as defined in Section 10 below, including, but not limited to, when any customers are standing in line.
Manufacturing is not listed in section 10 as an Essential Business.
f. For the purposes of this Order, “Essential Businesses” means:
i. Healthcare Operations and Essential Infrastructure;
ii. Grocery stores, certified farmers’ markets, farm and produce stands, supermarkets, food banks, convenience stores, and other establishments engaged in the retail sale of canned food, dry goods, fresh fruits and vegetables, pet supply, fresh meats, fish, and poultry, and any other household consumer products (such as cleaning and personal care products). This includes stores that sell groceries and also sell other nongrocery products, and products necessary to maintaining the safety, sanitation, and essential operation of residences;
iii. Food cultivation, including farming, livestock, and fishing; iv. Businesses that provide food, shelter, and social services, and other necessities of life for economically disadvantaged or otherwise needy individuals;
v. Newspapers, television, radio, and other media services;
vi. Gas stations and auto-supply, auto-repair, and related facilities;
vii. Banks and related financial institutions;
viii. Hardware stores;
ix. Plumbers, electricians, exterminators, and other service providers who provide services that are necessary to maintaining the safety, sanitation, and essential operation of residences, Essential Activities, and Essential Businesses;
x. Businesses providing mailing and shipping services, including post office boxes;
xi. Educational institutions—including public and private K-12 schools, colleges, and universities—for purposes of facilitating distance learning or performing essential functions, provided that social distancing of six-feet per person is maintained to the greatest extent possible;
xii. Laundromats, drycleaners, and laundry service providers;
xiii. Restaurants and other facilities that prepare and serve food, but only for delivery or carry out. Schools and other entities that typically provide free food services to students or members of the public may continue to do so under this Order on the condition that the food is provided to students or members of the public on a pick-up and take-away basis only. Schools and other entities that provide food services under this exemption shall not permit the food to be eaten at the site where it is provided, or at any other gathering site;
xiv. Businesses that supply products needed for people to work from home;
xv. Businesses that supply other Essential Businesses with the support or supplies necessary to operate;
xvi. Businesses that ship or deliver groceries, food, goods or services directly to residences;
xvii. Airlines, taxis, and other private transportation providers providing transportation services necessary for Essential Activities and other purposes expressly authorized in this Order;
xviii. Home-based care for seniors, adults, or children;
xix. Residential facilities and shelters for seniors, adults, and children;
xx. Professional services, such as legal or accounting services, when necessary to assist in compliance with legally mandated activities;
xxi. Childcare facilities providing services that enable employees exempted in this Order to work as permitted.
i. Healthcare Operations and Essential Infrastructure;
ii. Grocery stores, certified farmers’ markets, farm and produce stands, supermarkets, food banks, convenience stores, and other establishments engaged in the retail sale of canned food, dry goods, fresh fruits and vegetables, pet supply, fresh meats, fish, and poultry, and any other household consumer products (such as cleaning and personal care products). This includes stores that sell groceries and also sell other nongrocery products, and products necessary to maintaining the safety, sanitation, and essential operation of residences;
iii. Food cultivation, including farming, livestock, and fishing; iv. Businesses that provide food, shelter, and social services, and other necessities of life for economically disadvantaged or otherwise needy individuals;
v. Newspapers, television, radio, and other media services;
vi. Gas stations and auto-supply, auto-repair, and related facilities;
vii. Banks and related financial institutions;
viii. Hardware stores;
ix. Plumbers, electricians, exterminators, and other service providers who provide services that are necessary to maintaining the safety, sanitation, and essential operation of residences, Essential Activities, and Essential Businesses;
x. Businesses providing mailing and shipping services, including post office boxes;
xi. Educational institutions—including public and private K-12 schools, colleges, and universities—for purposes of facilitating distance learning or performing essential functions, provided that social distancing of six-feet per person is maintained to the greatest extent possible;
xii. Laundromats, drycleaners, and laundry service providers;
xiii. Restaurants and other facilities that prepare and serve food, but only for delivery or carry out. Schools and other entities that typically provide free food services to students or members of the public may continue to do so under this Order on the condition that the food is provided to students or members of the public on a pick-up and take-away basis only. Schools and other entities that provide food services under this exemption shall not permit the food to be eaten at the site where it is provided, or at any other gathering site;
xiv. Businesses that supply products needed for people to work from home;
xv. Businesses that supply other Essential Businesses with the support or supplies necessary to operate;
xvi. Businesses that ship or deliver groceries, food, goods or services directly to residences;
xvii. Airlines, taxis, and other private transportation providers providing transportation services necessary for Essential Activities and other purposes expressly authorized in this Order;
xviii. Home-based care for seniors, adults, or children;
xix. Residential facilities and shelters for seniors, adults, and children;
xx. Professional services, such as legal or accounting services, when necessary to assist in compliance with legally mandated activities;
xxi. Childcare facilities providing services that enable employees exempted in this Order to work as permitted.
LasVegas2019 said: ↑
If I were you I would not sell any stocks right now and would get a loan. Fortunately I dont have to make that decision. My financial advisor moved me to all cash in the beginning of Feb. I protested about the capital gains I now have to pay in 2020 but he said a major correction was coming because of a virus thing in China and an election year. At that time the virus was just a side story in the media. A week later the market set a new all time high. Boy was I ticked off with him and then.. crash! I will never question him again! lol
So please... by all means let us know when your new BFF advises you back into the market!
If I were you I would not sell any stocks right now and would get a loan. Fortunately I dont have to make that decision. My financial advisor moved me to all cash in the beginning of Feb. I protested about the capital gains I now have to pay in 2020 but he said a major correction was coming because of a virus thing in China and an election year. At that time the virus was just a side story in the media. A week later the market set a new all time high. Boy was I ticked off with him and then.. crash! I will never question him again! lol
So please... by all means let us know when your new BFF advises you back into the market!
LasVegas2019
Member
I think deliveries will stop. Funny thing is that I heard about the Shelter Order on sports radio five minutes before the noon announcement. I then got a text at 12:12pm that my Fremont delivery was set for Saturday. Ain’t that the way it goes??? I’ll post if they go through with the delivery.
Electrek is reporting that the Fremont factory will stay open (ignore the out of date URL)
Tesla appears to defy Bay Area shutdown, plans to operate Fremont factory - Electrek
Tesla appears to defy Bay Area shutdown, plans to operate Fremont factory - Electrek
Hmm.. It is such recklessness that got us here. I'm sure people are not going to die because they didn't get their Model Ys. But, on the other side, someone can really die.
Looks like Alameda County has declared Tesla an “essential business” under the stay-at-home orders
Stay home if you want, Musk tells Tesla workers as Fremont plant stays open
Stay home if you want, Musk tells Tesla workers as Fremont plant stays open
ElectricIAC
Good-Natured Rascal
This. In fact tapping on my inside folks to get expedited so we’re the first on the block with one of these babies.
Difficult to imagine the factory was given an exemption. Elon needs to step carefully here. Could turn into a PR nightmare.
