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The San Francisco Bay Area is in lockdown to eliminate the spread of the coronavirus. Under a “shelter in place” order announced Monday, individuals in seven Bay Location counties are prohibited from leaving their houses other than for vital activities like going to the physician or purchasing food.
Tesla’s Fremont automobile factory is in Alameda County, which is taking part in the lockdown. Tesla CEO Elon Musk has been defiant. In a Monday night email, he told employees that they might stay at home from work if they felt ill. He composed, “I will personally be at work” on Tuesday.
However late on Tuesday, the Alameda County Sheriff’s workplace fired a shot across Tesla’s bow:
Tesla: @Tesla is not an important company as specified in the Alameda County Health Order. Tesla can keep minimum basic operations per the Alameda County Health Order.
— Alameda County Sheriff (@ACSOSheriffs) March 17, 2020
Alameda County’s Monday order directed services in the county to “stop all activities at centers located within the County other than Minimum Basic Operations”– like processing payroll.
It’s a serious problem for Tesla because the Fremont factory is Tesla’s only significant auto manufacturing center outside of China. The factory has been cranking out thousands of Model 3 vehicles every week and had just begun making the Model Y crossover.
Tesla’s stock plunged on news that Tesla could be forced to close down its Fremont factory. As of publication time, Tesla’s stock is down more than 11 percent at $380 That’s below a high above $900 the stock struck just last month– prior to the economic effect of the coronavirus became clear.
Other vehicle stocks are likewise being hit hard. Ford’s stock is down 12 percent, while GM’s stock has actually fallen 21 percent considering that Tuesday’s close.
Toyota is planning to shut down factories in both Europe and Asia. Honda announced the closure of its North American factories on Wednesday.
But American automakers are hoping to keep running their factories in the United States.
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source https://jobsearchtips.net/alameda-county-sheriff-pressures-tesla-to-close-down-fremont-factory/
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