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Investor's Corner

Tesla to reopen Fremont factory for “limited operations” as CA lifts shutdown for lower risk industries

(Credit: Tesla)

Published

5 years ago

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Tesla is expected to resume operations at its Fremont factory in Northern California as early as today, following an announcement by state Governor Gavin Newsom that “lower risk industries” will be able to resume work activities. Multiple emails sent by Tesla executives on Thursday evening, including CEO Elon Musk, outlined the company’s plans to reopen the production lines on Friday, May 8.

“In light of Governor Newsom’s statement earlier today approving manufacturing in California, we will aim to restart production in Fremont tomorrow afternoon. I will be on the line personally helping wherever I can,” Musk wrote in an email obtained by CNBC. “However, if you feel uncomfortable coming back to work at this time, please do not feel obligated to do so. These are difficult times, so thanks very much for working hard to make Tesla successful!”

In another company email from Tesla’s Head of Human Resources, Valerie Capers Workman, it seems Tesla plans to resume “limited operations” by allowing 30% of the regular employees on a shift to come in for work, according to CNBC.

Elon Musk threatens to move Tesla away from California amid ongoing lockdown dispute

Governor Newsom announced the lift on Thursday evening, stating that clothing stores, bookstores, florists, sporting goods stores, as well as manufacturing and logistics operations, could resume their routine work.

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The news came to the approval of Musk, who has been a vocal proponent of lifting Stay-at-Home bans. Musk called for the orders to be raised during Tesla’s Q1 2020 Earnings Call on April 29 and has pushed for leniency on the prohibitions.

Musk also opened up in broader detail about his discontent for the Stay-at-Home orders on a recent episode of the Joe Rogan Experience podcast. The Tesla CEO cited he was still skeptical about the severity of the illness, and believed there needed to be more accurate data concerning the number of people infected.

While Musk has been critical of the panic that the virus has incited, he has done his part to help by donating ventilators to over 50 hospitals that are located in Tesla’s delivery areas.

It appears that Tesla’s Fremont facility may receive the hypothetical “ok” to reopen. After the company seemed to have a preliminary timeline to open Fremont on May 4, the plans were derailed after Alameda County health officers had decided that Stay-at-Home needed revisions.

Many expected the restrictions on free travel to end in June. However, it seems that Newsome and other political members have decided that it is safe to begin reopening some portions of the California workforce. The facilities that the State of California is choosing to open seem to be low risk as there is little face-to-face interaction other than brief transaction periods that would take place at retail locations.

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Still, retailers must “increase pick up and delivery and encourage physical distancing during pickup and install hands-free devices.” Manufacturers are to close breakrooms and create outdoor break areas with seating designed to promote social distancing measures. Warehouses are encouraged to carry sanitation materials during deliveries and use protective equipment during every stop.

Tesla employs roughly 20,000 people in Northern California’s Bay Area. Half of the 20,000 work at the Fremont facility, and Elon Musk seems to be eager to get them back to work. With the company halting production lines since Fremont’s closing on March 23, there is plenty of work to be done, including the ramping up of the Model Y, the company’s newest vehicle.

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Investor's Corner

Tesla stock surges on Wednesday, but there’s still more room to go

Published

2 days ago

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March 12, 2025

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Credit: Tesla

Tesla stock (NASDAQ: TSLA) surged over 7 percent on Wednesday, canceling out some of the losses it has felt this week.

It has been a less-than-ideal start for Tesla in 2025, as the company has wiped out all of its gains felt from the victorious election campaign of President Donald Trump. The stock is down 34 percent so far this year.

The losses have mostly been felt due to reports of decreased demand due to pushback against CEO Elon Musk and his support of President Trump, as well as investor concern over the CEO’s personal use of time between the Department of Government Efficiency (DOGE) and Tesla itself.

In a note this week from Wedbush, analyst Dan Ives wrote:

“Musk needs to step up as Tesla CEO at this critical juncture. In a nutshell, the word ‘balance’ has been missing with Elon Musk and his ability to run Tesla as CEO….while instead focusing all of his energy and time driving his DOGE initiative within the Trump Administration. Since Trump’s White House 2nd term kicked off in January, we have seen Musk and Trump connected at the hip with Musk essentially living at the White House and Mar-a-Lago in Palm Beach. There has been little to no sign of Musk at any Tesla factory or manufacturing facility the last two months and perception has become reality for Tesla shares. Trump getting elected President was a huge moment for Musk and Tesla in our view as this will create the fast track for an autonomous federal roadmap…however the DOGE efforts have now intertwined Tesla into this brewing political firestorm.”

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Wednesday’s slight bump for Tesla shares is likely related to the support the company received from President Trump yesterday, who purchased a Model S sedan at the White House and pledged to pay for it with a check.

President Donald Trump buys a Tesla at the White House – Here’s which model he chose

The move was one that signaled a buying spree from high-profile Republicans, including Sean Hannity, among others, who announced their support for Musk and Tesla:

Tesla shares closed at $248.09 on Wednesday, up 7.59%.

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Investor's Corner

Tesla bull ARK loads up on over $20M in TSLA shares after stock slide

Published

3 days ago

on

March 11, 2025

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(Credit: Tesla)

Tesla bull ARK Invest loaded up on over $20 million worth of the automaker’s shares on Monday after the company saw its largest slide on the market since late 2020.

Shares dropped over 15 percent on Monday, mostly due to pushback on the stock as CEO Elon Musk heads the Department of Government Efficiency (DOGE). His involvement with the U.S. government directly has sent some investors into a predicament over Musk’s dedication to Tesla.

There are also concerns regarding Q1 deliveries, which will be a big indication of where the year could be headed for Tesla.

The Monday slide was the biggest since late 2020 when shares dropped over 21 percent.

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However, the slide presents a massive buying opportunity for investors, especially those who operate ETFs, like ARK. Long term, ARK believes Tesla shares (NASDAQ: TSLA) will be exponentially more expensive, especially leaning on the thesis that Robotaxi and AI/Optimus will translate to major growth in yet another sector for the company.

ARK bolstered its position on $TSLA in its ARKK Innovation ETF with a purchase of 68,164 shares. Tesla is the largest holding in ARKK with over $531 million in value. Tesla makes up exactly 10 percent of the ARKK ETF.

It also bought another 11,154 shares in its ARKQ Autonomous Technology & Robotics ETF.

It’s no secret Tesla shares have taken a substantial hit in 2025, especially as the company’s price on Wall Street exploded following President Trump’s successful election campaign last year.

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So far in 2025, Tesla shares are down over 38 percent. They are up nearly 5 percent as of 2:30 p.m. on the East Coast. Even bullish analysts are hoping some focus returns to Tesla on Musk’s part.

Dan Ives of Wedbush said in a note last night following the broad sell off:

“This is a gut check moment for the Tesla bulls (including ourselves) after this massive sell-off in Tesla shares with fears mounting/accelerating. The bears own the Tesla narrative in the near-term as lackluster sales numbers from Europe, China, and the US in January/February along with Musk protests/brand worries have created many concerns.”

He continued:

“While the DOGE/Trump Musk iron clad partnership has created major brand worries for Tesla…..we estimate less than 5% of Tesla sales globally are at risk from these issues despite the global draconian narrative for Musk. Importantly, we expect Musk will better balance his time between DOGE and Tesla/SpaceX over the course of 2025 and some of these distraction issues will fade.”

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Investor's Corner

Elon Musk praises Ray Dalio’s Bridgewater for accumulating TSLA stock

Published

4 weeks ago

on

February 14, 2025

By

Credit: Tesla Asia/X

A recent 13-F filing from legendary investor and billionaire Ray Dalio’s Bridgewater Associates has revealed that the hedge fund has added over $62 million worth of Tesla stock (NASDAQ:TSLA) to its portfolio.

Elon Musk has praised the billionaire’s investment in a post on X.

Bridgewater’s TSLA stake:

  • As per Bridgewater’s 13-F filing, it currently holds 153,589 shares of TSLA, which costs $62,025,382.
  • The firm added the TSLA shares in the fourth quarter.
  • Tesla shares gained momentum after its Q3 2024 earnings call, and it only gained more strength after the election of U.S. President Donald Trump.
  • At the end of 2024, Tesla shares were up 62%, as noted in a MarketWatch report.
  • Tesla stock is still up 88% over 12 months despite a steep drop over the past month.

A vote of confidence: 

  • Bridgewater Associates is one of the largest hedge funds in the world, so the firm’s stake in TSLA could be interpreted as a vote of confidence in the electric vehicle maker.
  • Elon Musk has praised the firm’s investment. In a post on X, Musk noted that Bridgewater’s investment was a “smart move.”
  • Elon Musk has been quite consistent on his idea that Tesla could eventually become the world’s most valuable company. He emphasized this point during the Q4 2024 earnings call.
  • “I see a path. I’m not saying it’s an easy path but I see a path of Tesla being the most valuable company in the world by far. Not even close. There is a path where Tesla is worth more than the next top five companies combined,” Musk said.

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

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