Tesla is Leaving California
Tesla Shanghai. Credit: Bloomberg/Qilai Shen
Elon Musk tweeted Saturday he will sue Alameda County in his escalating battle to restart Tesla’s flagship Fremont, California plant. An epic twitter battle ensued in the hours following the tweet with some twitter followers offering support and others threatening to boycott the company for flouting government edicts.
The news makes for high drama, but don’t be surprised if the stock gets a pass. Tesla (ticker: TSLA) shares, to this point, have been relatively immune to production stoppage issues arising from the Covid-19 pandemic.
Musk, however, took a dramatic tone, calling Alameda health officials “unelected and ignorant” and said the ongoing lockdown was the “final straw” and that future facilities would be in Nevada and Texas. Musk’s ire is rising because Alameda county, along with others in the San Francisco region, recently extended the local stay at home order through the end of May. The order was set to expire May 4
"Frankly, this is the final straw. Tesla will now move its HQ and future programs to Texas/Nevada immediately," Musk tweeted. Tesla did not respond to a request for comment on Saturday.