Not a hard shutdown in Alameda County officials said that if they meet the requirements for safety. And things stabilize meaning theres an explosion of coronavirus cases that they can resume operations as early as next week. But you can clearly see how many cars are in the parking lot at this time at tesla people are coming and going looks to be just as busy as it was yesterday so even though they reached agreement to make sure to buy the next several days to see if measurements are put in to make sure that everybody is safe it looks like busi ess as usual for tesla we tried to reach out to tesla late last night and so far no comments at this particular time the Alameda County Sheriffs Department and Fremont Police department they say they dont anticipate going in there and making arrests should they not fully comply with the order. Minimal operations according to Alameda Countys guidelines requires them to do basic things like payroll and just run of the mill opera operations, but you
Challenges theyre facing in q2 from a production standpoint we think it might there may be a few things at work here. The pain from having production shutdown is clearly, you know, probably more than an annoyance. I think people signing up to the tesla dream longer term dont doubt tesla has the liquidity to ride it out and could access more without a problem but i think elon, part of his part of his style has been kind of lets play to win, a play to win strategy, a play to dominant with, how can i say it, wanton disregard for traditional business communication norms and while that will ruffle some feathers along the way, many investors absolutely adore that and see that as a strength so investors, in a way, the starting up earlier and mitigating the cash burn with the potential liability that all auto makers face by maybe starting too early and contributing to some persontoperson contagion so it sounds like i mean, absolutely i think everybody agrees with you that his ability to play t
They reached the deal if everything is meant that Safety Measures are in place that theres no spike in Health Indicators like coronavirus cases then they can resume full operations as early as next week. This all started when Ceo Tesla Elon musk he was very frustrated with shelter in place hes been politicking for a while now to get his tesla factory up and running again and that did not happen which is why last saturday actually filed a lawsuit in federal court saying shelter in place was unconstitutional and then on monday he openly told the world through a tweet that he planned to defy shelter in place and get the employees back to work and sure enough we were here yesterday when we saw so many people coming and going from the tesla facility. He even said if arrests were made he would be on the Assembly Line and do not arrest as employees. But arrest him ultimately no one was arrested they all work things out. And again Alameda County says if they meet everything that theyre looking
On the chin. Again what the experts sort of give they can taketh away. When Jerome Powell talked about the fact even with the flood of stimulus weve already seen, good idea to see more stimulus. He didnt put a dollar figure behind it. The Federal Reserve has spent trillions backing up businesses and banks by buying treasury bonds, corporate backed securities, etfs, and to back up corporate paper. That is unusual, in this particular case unprecedented. He seems to signal we are not out of this by any means. These delays in openings here as we heard new york metropolitan area, broadway doesnt do anything until at least labor day. People add up, lets push stocks down. Now there is good news though. We always want to posit that. Favorable developments on the new york state area, new york city to the point and new york area hospitalization as key level looked at closely continuing a decline has been better than two weeks. Anyway, we have David Lee Miller following all of those new yorkrelat
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