Wednesday Coronavirus Update: Tesla Factory Could Reopen Next Week
Good morning, it is Wednesday May 13.
Here’s your daily coronavirus update.
There are 4.2 million cases worldwide, with over 288,000 fatalities, per data from Johns Hopkins.
In the U.S., there are over 1.3 million cases and 81,000 deaths. New York has 338,000 cases and 21,000 deaths.
Russia has the second-highest number of cases worldwide, with 232,000. Per data from Johns Hopkins, Russia’s death toll reportedly stands at 2,100.
The United Kingdom has 227,000 cases and 32,000 deaths.
There’s some good news for Tesla (TSLA) - Get Tesla Inc. Report CEO Elon Musk this morning.
He will be allowed to reopen Tesla’s auto factory in Fremont, California, as early as next week if the electric carmaker meets agreed-to worker safety precautions, according to Alameda County officials.
The Associated Press reported that Tesla met a deadline of Monday to submit a site-specific plan to protect worker safety.
“We will be working with the Fremont PD to verify Tesla is adhering to physical distancing and that agreed-upon health and safety measures are in place for the safety of their workers as they prepare for full production,” a press release from the county said.
In case you missed it, Musk tweeted over the weekend that Alameda County’s mandate that Tesla’s Fremont factory remains closed was “the final straw,” and said that Tesla would move its headquarters and future programs to Nevada and Texas “immediately.”
Watch More of the Latest Videos from TheStreet and Jim Cramer
- Jim Cramer: Phase 2 Will Be Failure for Restaurants, Bars
- Jim Cramer: Disney Parks Have to Learn From Disneyland Shanghai
- Jim Cramer: Travel, Leisure Stocks Can't Be Owned
- C-Suite: Blue Apron CEO: Using Stay-at-Home Tailwind to Grow Post-Virus
- Ask Bob: I Was Furloughed. Under the CARES Act, Do I Still Need to Pay My 401(k) Loans?