Miyerkules, Abril 29, 2020

Musk calls coronavirus shelter-in-place orders 'fascist'

Tesla Inc. CEO Elon Musk Wednesday called statewide shelter-in-place orders that have shuttered his Fremont, Calif., factory and prevented a first quarter delivery record "fascist," dropping multiple expletives and railing against what he called an infringement on individual freedoms.

Musk, on the company's first quarter earnings call wtih journalists, unloaded on his state's current order for people to remain in homes to halt the spread of the coronavirus, which has killed more than 61,000 people nationwide.

"Frankly, I would call it forcibly imprisoning people in their homes against all their constitutional rights, in my opinion," he said. "Breaking peoples' freedoms in ways that are horrible and wrong and not why people came to America or built this country. What the f---?"

Musk argued people shouldn't be told to remain in their homes.

"This is fascist," he said. "This isn't democratic. This isn't freedom. Give people back their g------- freedom."

Earlier in the day, Musk tweeted "FREE AMERICA NOW."

The billionaire, who could be eligible for stock option payouts approaching $750 million if the company's stock continues to perform well, briefly defied state orders last month to close his plant as the number of infected patients rose significantly.

Despite the early resistance, Tesla's U.S. manufacturing operations — the Fremont plant and a New York solar roof tile factory — have been idled since March 24. The automaker began informing employees in early April that it would furlough without pay all nonessential workers and cut salaries during the shutdown.

Tesla is working toward bringing workers back to the Fremont plant next week after backing off plans to recall some workers the last week of April.

Suppliers to Tesla face similar conflicts ramping up in time to supply the Fremont assembly line with parts and components despite stay-at-home orders in states such as Michigan.

As the virus spread throughout the country in early March, Musk tweeted that "the coronavirus panic is dumb."



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Tesla posts 3rd straight quarterly profit as EV credit income jumps

The electric vehicle maker posted net income of $16 million for the first three months of 2020, with the help of $354 million in emissions credits sold to competitors.



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Automakers negotiating for Brazilian bailouts, report says

Brazil is South America's largest auto producer and a major base of operations for General Motors, Fiat Chrysler Automobiles, Volkswagen Group and Ford Motor Co., which are requesting a bailout for their local units.



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Hertz talks with banks, Treasury in push to avoid bankruptcy

CEO Kathryn Marinello said the car rental giant is seeing the support lenders and banks and is making the case for government aid.



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Tesla posts third straight quarterly profit as income from EV credits jumps

The electric vehicle maker posted net income of $16 million for the first three months of 2020, with the help of $354 million in emissions credits sold to competitors.



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Hertz skips lender payments amid talks to reduce obligations

Hertz's lenders negotiations underscore the amount of pressure the broader rental-car industry is under. Avis Budget Group's revenue has plummeted by about 80 percent this month



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VW pauses U.S. restart indefinitely; Toyota delays a week to May 11

Volkswagen of America cited its suppliers and the state of the market as reasons for extending the shutdown of its Chattanooga Assembly plant. Toyota Motor North America said it plans a slow ramp-up. 



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