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Coronavirus Wrecked Tesla’s Momentum and Elon Musk Is Furious

NYTimes.com Wednesday, 13 May 2020
Mr. Musk opened his California factory this week in defiance of local orders. He has also criticized the response to the pandemic as “dumb” and “fascist.”
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News video: Elon Musk Confirms Tesla Is Restarting Factory Against Local Orders

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Tesla CEO Elon Musk confirmed that the company had restarted its production. Reuters reports this move is in defiance of local orders on Monday. The billionaire said he would personally be on the line, potentially risking arrest. Over the weekend, Tesla filed a lawsuit against Alameda County, where...

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Data from more than 20 emergency rooms across five states seems to confirm anecdotal reports from health care workers. According to Gizmodo, emergency rooms across the US saw a massive decline in visits in March and April. The study speculates the decline was possibly due to people fearing they'd contract the novel coronavirus COVID-19 if they sought medical care. ER data from Colorado, Connecticut, Massachusetts, New York, and North Carolina were included in the study.

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Tesla, Inc. Tesla, Inc. American automotive and energy company

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[CDATA[A.I. helps businesses recover from the lockdown – And can Nissan take on Tesla?]] [Video]

[CDATA[A.I. helps businesses recover from the lockdown – And can Nissan take on Tesla?]]

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Bernstein analyst Tony Sacconaghi says Tesla shares are far too expensive to recommend after more than tripling in 2020. The firm lowered its Tesla stock rating to "underperform" from "market perform" on Tuesday. It maintained a $900 price target, implying that shares will tumble 42% over the next year. Tesla recently beat earnings and crept closer to inclusion in the S&P 500. Sacconaghi said its valuation "is mind-boggling," the analyst wrote.

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California California State in the western United States

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