— Bonnie ‘Channel Your Inner Introvert & Stay Home’ (@bonnienorman) March 20, 2020
Everyone seems to be mad at Tesla for staying open while several other businesses shut down to try to flatten the curve and prevent the coronavirus from spreading like a wildfire of the molecular variety. But did you know that Tesla isn’t the only automaker that’s been open for business?
Headlines would have you believe that Elon Musk is the villain who forces his employees to work despite the “shelter in place” orders initiated in several counties in California. However, in an email to employees from Elon Musk, he clearly stated that:
“I’d like to be super clear that if you feel the slightest bit ill or even uncomfortable, please do not feel obligated to come to work. I will personally be at work, but that’s just me. Totally OK if you want to stay home for any reason.”
Yet tweets and headlines would imply that Elon is refusing to allow his employees off if they are sick or feeling worried about going to work. Elon clearly said that it was okay if you want to stay home for any reason.
While the critics are in full force, they are pretending that Tesla is the only automaker that is open for business. They pretend Elon is the bad guy while overlooking the fact that Toyota, which almost no one is talking about, will only close down for two days. The two days that Toyota will be closed will be dedicated to cleaning its plants before making employees go back to work. Where is the outrage? Why is the focus only on Tesla, whose CEO told employees that they don’t have to come in if they don’t feel like it?
Toyota to shut down plants for 2 whole days..
Where’s the outrage, the (fake) concern for Toyota employees, the attacks on local politicians?
Further, at least some experts on this topic believe that Tesla is exceptionally well equipped to operate in the midst of the COVID-19 pandemic.
Hey Brandon. I am a Tesla factory expert, actually. Shanghai running today with incredible anti-contamination set up. Tesla has, to my knowledge, and in this country, the best ability to run a factory safely in today’s crisis. This is the last factory a sheriff should close.
While critics are upset that Tesla is encouraging employees to use PTO (personal time off) for when they are sick, it should again be noted that Tesla isn’t the only company that does this. I used to work for Goodwill and when I was ill with bronchitis, I was also encouraged to use my PTO time to cover my sick days — this is so I wouldn’t lose any money off my paycheck. This is actually a pretty common thing in the corporate world. Much of the US economy is based on this system.
It would seem that Tesla gets blamed for doing everything that a normal corporation does: encouraging others to use PTO for sick days, trying to stay productive, trying to make or maintain a profit. Perhaps it is the critics who need to check their own morals before getting angry at Elon Musk for telling his employees to come in only if you feel comfortable doing so. Or, maybe being from Louisiana and being expected to go to work during a category 3 hurricane has made me biased — I had to take the bus during Hurricane Rita and had water up to my knees. It didn’t matter — my boss said that if the buses were running, you come to work. If he had offered me PTO and told me to come in only if I felt like it, I probably would have stayed home and not caught pneumonia.
Meanwhile GM continues to produce cars. Yet $TSLAQ is quiet. Is it because you need this short and distort to work?
— $TSLAQ is a crowdsourced short and distort (@ElectroCar) March 18, 2020
Still think Elon is the villain in this picture? I think that those who criticize Elon Musk do so out of pure hatred and envy. He has done more for our country than most of us could ever dream of doing. Aside from everything else, look at Flint, Michigan. Our government refused to give Flint, a city in the United States, clean water. Residents were bathing, drinking, and cooking with water with high amounts of lead in it. Elon Musk, a private citizen, stepped up when Mari Copeny, a young student who advocates for clean water for her and her peers, asked him for help.
Perhaps people should be grateful when Elon offers to help instead of critical. Instead of making fun of him because you think he is an “out of touch billionaire,” be glad that there is someone with access to those types of resources (billions of dollars and an influential reach) who is willing to give aid.
Sounds good, we will connect with your team to understand potential needs
If I needed a ventilator, I’d be happy to accept one from Elon Musk. I am sure those who might die because there is a shortage would love one from him, also. However, instead of bashing Elon from the comfort of your keyboard, be grateful that you don’t need a ventilator and realize that those who died due to lack of ventilators in Italy and other countries would have gladly accepted Elon’s help.
Elon is not some obliged husband to the US government’s healthcare oversight, your analogy also leaves him very unsupported in this marriage. It’s more like a relative stepped in on a bad marriage to help alleviate the lack preparedness & you sound like guffawing bitter Aunt. https://t.co/7dAHR4FNIC
PALO ALTO, Calif., March 19, 2020 (GLOBE NEWSWIRE) — In the past few days, we have met with local, state and federal officials. We have followed and are continuing to follow all legal directions and safety guidelines with respect to the operations of our facilities, and have honored the Federal Government’s direction to continue operating. Despite taking all known health precautions, continued operations in certain locations has caused challenges for our employees, their families and our suppliers.
As such, we have decided to temporarily suspend production at our factory in Fremont, from end of day March 23, which will allow an orderly shutdown. Basic operations will continue in order to support our vehicle and energy service operations and charging infrastructure, as directed by the local, state and federal authorities. Our factory in New York will temporarily suspend production as well, except for those parts and supplies necessary for service, infrastructure and critical supply chains. Operations of our others facilities will continue, including Nevada and our service and Supercharging network.
In many locations, we are in the process of implementing “touchless deliveries” so customers can continue to take delivery of their vehicle in a seamless and safe way. Due to the unique over-the-air connectivity of our vehicles, customers are able to unlock their new cars at a delivery parking lot via the Tesla App, sign any remaining relevant paperwork that has been placed in their car, and return that paperwork to an on-site drop-off location prior to leaving. This method provides additional convenience and comfort.
Our cash position at the end of Q4 2019 was $6.3B before our recent $2.3B capital raise. We believe this level of liquidity is sufficient to successfully navigate an extended period of uncertainty. At the end of Q4 2019, we had available credit lines worth approximately $3B including working capital lines for all regions as well as financing for the expansion of our Shanghai factory.
All photos by CleanTechnica
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Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.”
Tesla is one of many good things to believe in. You can find Johnna on Twitter
CALGARY – TC Energy Corp. has lowered the estimated cost of its Southeast Gateway pipeline project in Mexico.
It says it now expects the project to cost between US$3.9 billion and US$4.1 billion compared with its original estimate of US$4.5 billion.
The change came as the company reported a third-quarter profit attributable to common shareholders of C$1.46 billion or $1.40 per share compared with a loss of C$197 million or 19 cents per share in the same quarter last year.
Revenue for the quarter ended Sept. 30 totalled C$4.08 billion, up from C$3.94 billion in the third quarter of 2023.
TC Energy says its comparable earnings for its latest quarter amounted to C$1.03 per share compared with C$1.00 per share a year earlier.
The average analyst estimate had been for a profit of 95 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 7, 2024.
BCE Inc. reported a loss in its latest quarter as it recorded $2.11 billion in asset impairment charges, mainly related to Bell Media’s TV and radio properties.
The company says its net loss attributable to common shareholders amounted to $1.24 billion or $1.36 per share for the quarter ended Sept. 30 compared with a profit of $640 million or 70 cents per share a year earlier.
On an adjusted basis, BCE says it earned 75 cents per share in its latest quarter compared with an adjusted profit of 81 cents per share in the same quarter last year.
“Bell’s results for the third quarter demonstrate that we are disciplined in our pursuit of profitable growth in an intensely competitive environment,” BCE chief executive Mirko Bibic said in a statement.
“Our focus this quarter, and throughout 2024, has been to attract higher-margin subscribers and reduce costs to help offset short-term revenue impacts from sustained competitive pricing pressures, slow economic growth and a media advertising market that is in transition.”
Operating revenue for the quarter totalled $5.97 billion, down from $6.08 billion in its third quarter of 2023.
BCE also said it now expects its revenue for 2024 to fall about 1.5 per cent compared with earlier guidance for an increase of zero to four per cent.
The company says the change comes as it faces lower-than-anticipated wireless product revenue and sustained pressure on wireless prices.
BCE added 33,111 net postpaid mobile phone subscribers, down 76.8 per cent from the same period last year, which was the company’s second-best performance on the metric since 2010.
It says the drop was driven by higher customer churn — a measure of subscribers who cancelled their service — amid greater competitive activity and promotional offer intensity. BCE’s monthly churn rate for the category was 1.28 per cent, up from 1.1 per cent during its previous third quarter.
The company also saw 11.6 per cent fewer gross subscriber activations “due to more targeted promotional offers and mobile device discounting compared to last year.”
Bell’s wireless mobile phone average revenue per user was $58.26, down 3.4 per cent from $60.28 in the third quarter of the prior year.
This report by The Canadian Press was first published Nov. 7, 2024.
TORONTO – Canada Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago.
The luxury clothing company says revenue for the quarter ended Sept. 29 totalled $267.8 million, down from $281.1 million in the same quarter last year.
Net income attributable to shareholders amounted to $5.4 million or six cents per diluted share, up from $3.9 million or four cents per diluted share a year earlier.
On an adjusted basis, Canada Goose says it earned five cents per diluted share in its latest quarter compared with an adjusted profit of 16 cents per diluted share a year earlier.
In its outlook, Canada Goose says it now expects total revenue for its full financial year to show a low-single-digit percentage decrease to low-single-digit percentage increase compared with earlier guidance for a low-single-digit increase.
It also says it now expects its adjusted net income per diluted share to show a mid-single-digit percentage increase compared with earlier guidance for a percentage increase in the mid-teens.
This report by The Canadian Press was first published Nov. 7, 2024.
