CNBC Technology

By moving his company and his home to Nevada or Texas, Elon Musk could save billions in income taxes

President Donald Trump on Tuesday defended Tesla CEO Elon Musk's calls to resume production at the company's Fremont, California, plant.

Most experts agree that Covid-19 testing is vital to safely reopen the economy. But getting to scale presents challenges, they say.

Social Capital CEO Chamath Palihapitiya argued that having to sort through local, state and federal laws is confusing for businesses and there needs to be a coherent way to get back to work.

Bolt CEO Markus Villig is relatively optimistic about the outlook for ride-sharing as European economies start reopening.

Vodafone met expectations with a 2.6% rise in full-year core earnings to 14.9 billion euros ($16.10 billion).

Tencent is likely to show growth when it reports first quarter 2020 earnings on Wednesday as people in China turned to smartphone-based entertainment while locked down at home during the coronavirus outbreak.

Bitcoin faces a key technical event Monday known as the "halving." Industry insiders are debating what effect it might have on the market.

Despite local Covid-19 health orders, Tesla reopened its Fremont car plant this week.

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.

"It's entirely appropriate that the factories reopen. I fully support it. We need the vehicles," AutoNation's Mike Jackson told CNBC.

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.

Shanghai Disney reopened Monday, making it the first major theme park to do so since being forced to close by the coronavirus pandemic.

Now that office-based companies have invested in remote work tools, there's no returning to the old world of crowded conference rooms.

A survey from think tank Doteveryone found that 58% of the British public think the tech sector isn't regulated enough.

Now might be the best time to start thinking about setting up a new venture, according to entrepreneurs and venture investors.

Tesla sold 3,635 Model 3 cars in April — much lower than 10,160 in March, data from the China Passenger Car Association showed.

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.