California Governor Newsom Doesn't Expect Tesla to Leave 'Any Time Soon'

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On Tuesday, California Governor Gavin Newsom told CNBC that he wasn't worried about Elon Musk, CEO of Tesla  (TSLA) - Get Report, moving the company out of the state. 

“I’ve had a lot of conversations with him," Newsom said in an interview with Fast Money. "We’re committed to the success and the innovation and the low-carbon, green growth economy that he’s been promoting for decades and the state of California is accelerating in.” 

Tesla did not immediately comment on Newsom's statement. 

The public dispute between California's government and Tesla has been growing for some time. On May 9, Musk sent out a tweet stating that company would be filing a lawsuit against Alameda County for preventing the reopening of its Fremont, California production facility. The Fremont facility had only been operating at limited capacity since mid-March. 

Following issuance of a plan to reopen based off the company's experience in China, Musk vowed to reopen with or without the permission of local regulators and vowed to move Tesla out of the state. 

The Street’s Jim Cramer strongly believes Musk and Tesla have been mistreated by the Alameda County. “I am appalled at the abandonment of this man," Cramer told StreetLightning.  

The Fremont facility has since reopened, but old wounds can be hard to heal. 

According to reports, Musk's hope is to bring the company to Texas or Oklahoma in what will launch the company’s all-electric Cybertruck pickup and the Model Y crossover SUV. 

As for the stock market, Tuesday saw Tesla close at $808, now up 93% so far this year. 

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