DAA Daily

Elon Musk, worries about Tesla shutdown

Charlotte Eykerman & Nanor Pontigian Opinion Editor & Science and Tech Editor, The Pawprint

Despite all the chaos caused by the COVID-19, the demand for Tesla’s electric cars still remained for the first three months of the year. Now, they are currently struggling with the survival of their company. Tesla said forced the shutdowns of his factories, have limited and clouded its forecast for the coming months. 

Last year, Tesla was only able to make a small profit of $16 million. This was due to their quarterly revenues jumping by 30% to $5.9 billion. Imagine with the Covid-19, what kind of  profit are they making now?

Tesla boss Elon Musk, has opposed the lockdown measures, and told the investors on a call on Wednesday, “Frankly I would call it forcibly imprisoning people in their homes against all their constitutional rights…that’s my opinion. It will cause great harm, not just to Tesla but to many firms. While Tesla will weather the storm, there are many small companies that will not,” he added.  

“And all of people’s – everything they’ve worked for their whole lives has been destroyed in real time. We’re going to have, and have many suppliers that are on super hard times, especially the small ones, and it’s causing a lot of strife to a lot of people.“

Recently, Tesla celebrated new plans to let go of the lockdown orders. He wrote on Twitter on 29th of April “FREE AMERICA NOW”. This is similar to when he had tweeted about how he believed that the coronavirus was “dumb”

The reason why most companies are on lockdown is due to fake news issued by individual governors and municipalities and not by the federal government. 95% percent of Americans currently live under these “laws”, which in many cases include legal fines and punishments. 

President Trump is getting impatient and plans to reopen all markets, to focus on restoring the country’s fluctuating economy. He tweeted on Monday, (April 27) about being frustrated and declared that only he and the Federal Government had the legal authority to lift restrictions and not the individual governors, who originally started the lockdown restrictions in the first place. 

He tweeted to say, “For the purpose of creating conflict and confusion, some in the Fake News Media are saying that it is the Governor’s decision to open up the states, not that of the President of the United States & the Federal Government. Let it be fully understood that this is incorrect…”

He continued in another tweet to conclude his statement, “….It is the decision of the President, and for many good reasons. With that being said, the Administration and I are working closely with the Governors, and this will continue. A decision by me, in conjunction with the Governors and input from others, will be made shortly!”

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