Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[vikings123]

Fremont Statement of Fremont mayor on Tesla situation:

“As the local shelter-in-place order continues without provisions for major manufacturing activity, such as Tesla, to resume, I am growing concerned about the potential implications for our regional economy. We know many essential businesses have proven they can successfully operate using strict safety and social distancing practices. I strongly believe these same practices could be possible for other manufacturing businesses, especially those that are so critical to our employment base. The City encourages the County to engage with our local businesses to come up with acceptable guidelines for re-opening our local economy. As we have done for over a decade, the City is prepared to support Tesla as soon as they are able to resume automobile manufacturing operations and are committed to a thoughtful, balanced approach to this effort that remains safe for our Fremont community.”
​

Seems like Elons approach of playing hardball is paying off

wow this is much pretty much saying Tesla has the green light?

 

[Mo City]

You didn't get my point at all. The point is no one really knows when this will end or be controlled enough to open things up for the public. At some point we will have to just try it out and see what happens ... that's what CA is doing. All that Health official is trying to do is keep the public safe ... yes she may be overzealous but there are ways for influential people like Elon to contact other influential people (Newsom) and get the wheels greased. Twitter ranting is not one of them IMHO.

You seriously don't think Elon contacted Newsom? C'mon now.

Newsom could have spared us the drama if he stepped in earlier and brought the sides together to reach an agreement. This is what governors do when their biggest manufacturer is involved. It's a lack of leadership on his part.

 

[Mike Smith]

State leaders have to realize this could lead to SpaceX moving HQ to Texas as well. Imagine the lost tax revenue over the next 50 years from losing both Tesla and SpaceX. Alameda officials will be under intense pressure to fix this immediately.

 

[StarFoxisDown!]

The only thing I wish Elon would make more of a point is that Tesla's products "actively" help with the symptoms of the Covid virus by reducing the local pollution with every ICE car that a Tesla replaces. It's been shown that pollution worsens the effects of the virus. If that's not "essential" I don't know what is.

 

[Reductionist]

wow this is much pretty much saying Tesla has the green light?

Unfortunately not; Fremont doesn't have the authority to overrule Alameda county when it comes to the shutdown. But this does put massive pressure on Alameda county to reconsider their stance.

 

[Prunesquallor]

Fremont Statement of Fremont mayor on Tesla situation:

“... The City encourages the County to engage with our local businesses to come up with acceptable guidelines for re-opening our local economy...”
​

Translation: "End this. Now "

 

[ZachF]

Hmm, have to check with Adobe, Amazon, AMD, Cisco, Apple, Dell, Google, IBM, National Instruments, and NVDIA and see if they have been able to find any.

That's just Austin.

SpaceX and Tesla are literally the #1 and #2 destinations for graduating engineers. Talented engineers will follow wherever they go and they will get their choice of the litter.

...And it's because they are companies with a mission beyond just "Make a shiny golden parachute for management". They make real, cool products that the engineers themselves want to see made, while most of SV (let's be honest now) basically makes sanctioned malware for advertisers, building private surveillance systems that would even make Orwell blush.

 

[Krugerrand]

I agree with this. In fact the only thing I did not like about Elon’s tweet is him calling out Dr Pan. I don’t think this woman has any decision making power. She is probably just the messenger in this mess.

I read somewhere that a county official was reviewing Tesla’s safety measures and that more information is coming next week. Maybe Elon is just forcing the county’s hand because they are just taking their own sweet time. I just feel bad for the woman that she got dragged into this. And unfortunately will end up being the scape goat.

I don’t buy that. If the decision isn’t hers, then tell your audience that. It’s simple.

 

[ZachF]

Fremont Statement of Fremont mayor on Tesla situation:

“As the local shelter-in-place order continues without provisions for major manufacturing activity, such as Tesla, to resume, I am growing concerned about the potential implications for our regional economy. We know many essential businesses have proven they can successfully operate using strict safety and social distancing practices. I strongly believe these same practices could be possible for other manufacturing businesses, especially those that are so critical to our employment base. The City encourages the County to engage with our local businesses to come up with acceptable guidelines for re-opening our local economy. As we have done for over a decade, the City is prepared to support Tesla as soon as they are able to resume automobile manufacturing operations and are committed to a thoughtful, balanced approach to this effort that remains safe for our Fremont community.”
​

Seems like Elons approach of playing hardball is paying off

Now It's time for Mr. Newsom to be more than a suit with a nice head of hair...

 

[Krugerrand]

wow this is much pretty much saying Tesla has the green light?

The mayor is making it known publicly which side of the fence she stands on. Her city is going to be crushed by Tesla leaving because the county is being ridiculous.

 

[gtrplyr1]

You seriously don't think Elon contacted Newsom? C'mon now.

Newsom could have spared us the drama if he stepped in earlier and brought the sides together to reach an agreement. This is what governors do when their biggest manufacturer is involved. It's a lack of leadership on his part.

I honestly don't know if he did or not. I will say, this is the same CEO that was tweeting that the stock price was "too high" just the other day. Elon has definitely had moments where I have to question his judgment ... Pedo?? Really .... is there no end to the nonsense people will put up with? I love Tesla and have 7 figures worth of stock .... I'm highly invested ... and at one point I loved Elon and sometimes I still do ... but there have been many instances where his actions have hurt shareholder value (yes I know it's way up now .... ) and the stock has recovered. I'm invested in Tesla for one reason alone .... the products. Elon for me has become a liability ... not an asset and it pains me to say this. I'd MUCH prefer if Apple bought Tesla and we could have Tim Cook running the show ... Elon might learn a thing or two.

I'm done .... believe what you want makes no difference to me but I stand by my posts.

 

[Prunesquallor]

Now It's time for Mr. Newsom to be more than a suit with a nice head of hair...

Hey! How did he get a haircut?!?

 

[johnm6875]

Yikes. I now feel sorry for Dr. Pan. seriously.

The picture they used makes Dr. Pan look truly pathetic.

 

[bkp_duke]

There are so many GREAT things that could come from Tesla moving production out of CA.

1) Improved tax situation (greatly)
2) Cheaper labor force (CA cost of living is brutal, and Tesla has to shoulder part of that with higher wages).
3) Improved factory design - Giga Shanghai, and soon Giga Germany, have shown that Tesla is learning more and more how to streamline production. More cars, BETTER car assembly, with fewer employees. Tesla could take this as the next iteration, to build a factory how they want for their needs. With Freemont, it was a great deal when they got it, but they are stuck with some legacy layout and design problems on the building that hinder production.
4) Smack in the face to CA politicians that thought they could continue to do anything and the population would be forced to accept it.


Just my 0.02. But as a shareholder, I'm 100% behind Elon if he decides to move out of CA and never look back.

 

[TheGrimSweeper]

The picture they used makes Dr. Pan look truly pathetic.

And Elons makes him look like a boss / the one in charge.

 

[woodisgood]

As a Californian, I would really hate to lose Tesla. But the truth is the region was never going to support Tesla the way other states cater to their largest manufacturers. California loves the Silicon Valley side of Tesla but doesn’t love the manufacturing, doesn’t take pride in it. A lot of it comes down to socioeconomic politics in the Bay Area. This is not a region that loves/cherishes/has pride in/cares about its blue collar workforce/enterprises. Surprising considering how obvious it is that the green revolution (which CA is leading) is going to require significant investments in a new breed of manufacturing.

Elon’s right. Making stuff isn’t appreciated the way it used to, and it needs to be again if we are going to solve some of humanity’s greatest challenges. We can’t code ourselves out of climate change.

Moving out of CA will greatly benefit Tesla in the long run. It will be interesting to see if the markets will see it that way immediately on Monday, or simply label it as more chaos/instability around Tesla.

 

[mars_or_bust]

I must admit I am very much in awe as to how Elon is putting pressure at all levels for Freemont to reopen. Truly a great CEO. Even though I disagree on some of his covid 19 beliefs, he is very much right that the factory can be reopened safely, and must be reopened.

 

[EV forever]

wow this is much pretty much saying Tesla has the green light?

The mayor is making it known publicly which side of the fence she stands on. Her city is going to be crushed by Tesla leaving because the county is being ridiculous.

Yep. The Fremont city mayor is distancing herself from the county decision and making it clear that the City of Fremont would be fine with Tesla opening up immediately. This entire debacle is squarely on Dr. Pan's head.

 

[Xd85]

Alameda county responded. Unclear if it adds

ALAMEDA COUNTY -- The Alameda County Health Care Services Agency and the Public Health Department have been communicating directly and working closely with the Tesla team on the ground in Fremont. This has been a collaborative, good faith effort to develop and implement a safety plan that allows for reopening while protecting the health and well-being of the thousands of employees who travel to and from work at Tesla’s factory.
The team at Tesla has been responsive to our guidance and recommendations, and we look forward to coming to an agreement on an appropriate safety plan very soon.
We greatly value and support the important role of small and large businesses to our local economy and our communities. We appreciate that our residents and businesses have made tremendous sacrifices and that together we have been able to save lives and protect community health in our region. We need to continue to work together so those sacrifices don’t go to waste and that we maintain our gains. It is our collective responsibility to move through the phases of reopening and loosening the restrictions of the Shelter-in-Place Order in the safest way possible, guided by data and science.
We do not have any further comment and will not be taking any requests for interviews.

 

[woodisgood]

At the very least, perhaps the County will now prioritize finding a solution for Tesla. Up to this point I think they just weren’t getting around to it.