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Tesla’s Elon Musk gets invited to hire Ohio’s GM workers: ‘Lordstown is ready for you’
When GM announced that it was closing several of its plants in the US and Canada, questions were raised if Elon Musk would jump on the opportunity to acquire more facilities for Tesla. The electric car maker, after all, has grown significantly over the years, starting as a niche carmaker that manufactured a small, quick two-door sports car, and evolving to a company that currently produces one of America’s best-selling passenger cars. With the Model 3 ramp, Tesla has found itself struggling to meet demand, and even its expansive Fremont factory, as Elon Musk put it, had become “packed to the gills.”
Tesla is poised for even more growth, as the company is set to release some of its most ambitious vehicles yet, such as the Model Y SUV, the Tesla pickup truck, the Tesla Semi, and the next-generation Tesla Roadster. With GM closing several of its plants, an opportunity appears to be emerging for Tesla to acquire more manufacturing capabilities in the US. This is an idea that Elon Musk is open to, as revealed during his recent segment in CBS‘ 60 Minutes. When asked by host Lesley Stahl if he is interested in acquiring facilities that GM would be retiring, Musk answered in the affirmative.
“It’s possible that we would be interested, if they (GM) were going to sell a plant or not use it, that we would take it over,” he said.
Musk’s statement appears to have resonated with Ohio officials, particularly Governor John Kasich. In a recent post on Twitter, Kasich invited Musk and Tesla to come to Ohio. Kasich even pitched the state’s workers to the CEO, stating that “there are no better workers than Ohio workers.” Directly referencing the GM plant set to be closed down in 2019, the Ohio governor added that “Lordstown is ready for you.” Musk, for his part, has issued a brief response to Kasich’s post.
Thanks, will consider next year
— Elon Musk (@elonmusk) December 20, 2018
The past few years have not been kind to the seasoned auto workers from Lordstown, Ohio. Over the course of 2018, the 52-year-old assembly plant, which is responsible for building the Chevrolet Cruze, had seen several layoffs. Back in April, for example, GM cut the plant’s second shift, eliminating 1,500 jobs in the process. By late November, the American legacy automaker confirmed that it would be retiring the facility next year, as the company focuses on building crossovers, SUVs, pickups, and electric vehicles.
Ohio’s officials attempted to keep the Lordstown plant open for as long as they could. A report from local news outlet Cincinnati.com noted that US Sen. Sherrod Brown, Ohio’s senior senator, attempted to get a commitment from GM CEO Mary Barra. Ohio governor John Kasich did the same, even discussing the possibility of repurposing the facility with the GM CEO. Despite these efforts, the Lordstown assembly plant was listed as one of the facilities under GM’s chopping block nonetheless.
My statement on a conversation I had this morning with GM CEO Mary Barra. pic.twitter.com/B8Tf5xu4Tr
— John Kasich (@JohnKasich) November 29, 2018
If Tesla does end up acquiring GM’s Lordstown plant, the electric car maker would be able to tap into a seasoned workforce that has decades of experience building cars. This bodes well for Tesla, particularly as the company has several vehicles expected for release in the coming years. That said, acquiring the plant might present challenges for the electric car maker as well, particularly as the United Auto Workers union (UAW), an organization that is not in good terms with Tesla, was influential in the Lordstown facility.
Tesla’s mission of accelerating the world’s transition to sustainable energy is starting to take form. Faced with competitive, disruptive, zero-emissions vehicles like the Model 3, legacy carmakers such as GM are now taking on a more EV-friendly approach. As the established companies go through these transitions, though, there are bound to be casualties. For GM, some of these casualties are the Lordstown plant’s employees. For these seasoned workers, the possible arrival of Tesla might very well be what they need to ensure that the auto industry remains alive in the state for years to come.
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla gives its biggest signal yet that Cybercab launch is imminent
Elon Musk challenges Tesla credit rating from Moody’s after SpaceX gets a higher one
