Is Elon Musk Ready to Put American Lives at Risk so Tesla Can Resume Operations?

April 29, 2020 4:02 PM UTC
Elon Musk wants to free America now in order to resume Tesla operations. But health officials say this could be very devastating.
  • Tesla’s dream year has been put on hold due to coronavirus.
  • Elon Musk posts a controversial tweet that challenges lockdown measures.
  • Some analysts say that opening the U.S. economy now will spell disaster.

2020 was supposed to be Tesla’s (NASDAQ:TSLA) year. The company opened its new Gigafactory in Shanghai at a breakneck pace and announced it expected to be profitable moving forward.

But the novel coronavirus had other plans. The disease killed production, shut down showrooms, and placed workers on furlough.

The dream is turning into a nightmare, and Tesla chief executive Elon Musk seems to be getting desperate.

Elon Musk Is Itching to Send People Back to Work

Many consider Musk to be a tech genius but it appears he may be ignorant of how viruses work. In a shocking tweet, Musk says he wants the lockdown to end now.

Musk is not one to mince his words. | Source: Twitter

Musk is a global figure with over 33 million Twitter followers, but he is no epidemiologist. Last month, the Tesla executive drew flak after tweeting that panic over the coronavirus is “dumb.”

Elon Musk: Coronavirus panic is dumb. | Source: Twitter

Since that tweet, the number of COVID-19 cases in the U.S. exploded by nearly 325,000%.

Why would Musk want the land of the free to be free?

There’s a lot of evidence indicating that Musk wants Tesla to resume operations as the lockdown is affecting the company’s value.

Earlier this week, the electric car maker asked some of its Fremont factory workers to restart production this week despite shelter-in-place orders.

Authorities do not share Tesla’s exuberance to send people back to work. In fact, the lockdown will remain in full effect in six Bay Area counties until the end of May.

Tesla’s plan to resume operations in its Fremont facility on May 4 has been thwarted. The lockdown extension might have driven Musk to send a message to the authorities.

Opening Economy Now Poses Risk of Deadly Second Wave

If government officials succumb to Elon Musk’s plea, millions of Americans would be at risk of getting infected.

Researchers at MIT used a statistical model to quantify the impact of the isolation and quarantine measures in Wuhan, Italy, South Korea, and the United States. In a draft paper, the researchers conclude:

relaxing or reversing quarantine measures right now will lead to an exponential explosion in the infected case count, thus nullifying the role played by all measures implemented in the US since mid March 2020.

When it comes to testing capacity, the U.S. is not yet ready to gradually reopen the economy. A Harvard analysis reveals that the country must test 500,000 people per day for effective contact tracing to curb the spread of the virus. So far, the United States conducts only 200,000 tests per day.

Yanis Ben Amor, an executive at the Center for Sustainable Development in the Earth Institute, says that opening the economy now will spell disaster.

We aren’t diagnosing enough people and if we don’t have a testing system in place it will flare up again badly.

Musk might be a tech magnate, but it is becoming evident that he knows very little about how viruses work. Either that or he’s willing to put the lives of Americans at risk in the name of profit.

Disclaimer: The opinions expressed in this article do not necessarily reflect the views of CCN.com.

Sam Bourgi edited this article for CCN.com. If you see a breach of our Code of Ethics or find a factual, spelling, or grammar error, please contact us.

@kirilnikk123

Kiril is a CFA Charterholder and financial professional with 6+ years of experience in financial writing, analysis and product ownership. He has a bachelor's degree with a specialty in finance and lives in Canada. Kiril’s current focus is on finance and cryptocurrencies. He also has his personal website, Investor Academy, where he teaches people about the basics of investing. He owns Bitcoin, Ethereum, and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading. Get in touch with Kiril: Muck Rack, Email, Follow on Twitter