Tesla's California plant has been closed since March 23 due to shelter-in-place orders, but the company is pushing to resume production. Musk threatened Saturday to pull Tesla out of California amid a dispute with local government over the shutdown.
Some executives expressed cautious optimism on earnings calls, suggesting that things were starting to look up in April after an alarming drop-off in March. But all warned that it will be a long slog before their businesses return to normal.
Tesla CEO Elon Musk has been sparring with regulators over local shelter-in-place orders aimed to combat the spread of the coronavirus as the company's production plants remain closed.
Technology companies ranging from major professional services firms to scrappy startups are building apps and wearables for businesses to track and stop the spread of coronavirus among employees in the workplace.
Tesla had wanted to start production again in Fremont, California, on Friday afternoon, but officials said the company did not have authorization to break shelter-in-place rules. The plant is where the company makes vehicles for Europe and North America.
Ultraviolet light is an effective tool that has been in use for decades in hospitals and operating rooms and technological breakthroughs in UV light could become a key tool used to help stop the spread of Covid-19.
Chinese internet giant Tencent has been surveilling content posted by foreign users on its wildly popular messaging service WeChat in order to help it refine censorship on its platform at home, according to a new report.
Tesla alleged in a lawsuit that California's Alameda County, where the automaker has a factory, went against state rules and "created a legal quagmire."
The coronavirus pandemic has crushed the global economy, and a recession is inevitable in the U.S. as the Federal Reserve warns the second quarter will be much worse than Q1. The auto industry has been hit particularly hard as car sales tank. But here is why some experts say that Tesla is better off than other U.S. automakers to get through this downturn.
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