Telsa drops California lawsuit over coronavirus shutdowns

Tesla, California county officials reach deal to reopen plant next week

Alameda County in California has agreed to let Tesla reopen if certain safety protocols are followed.

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.

Continue Reading Below

Tesla on Wednesday dropped a lawsuit it filed earlier in the month against California’s Alameda County that claimed its mandated coronavirus shutdowns go against state policy, according to Reuters.

The electric carmaker, fueled by Chief Executive Officer Elon Musk, had been pushing to reopen the factory after local health officials shuttered business to curb the spread of the virus.

JUDGE SHELVES TESLA SHAREHOLDER SUIT TO BLOCK ELON MUSK TWEETS

Musk had also taken to Twitter to threaten to move the company to Texas or Nevada.

“The unelected & ignorant ‘Interim Health Officer’ of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense,” he wrote in a May 9 tweet. “Frankly, this is the final straw. Tesla will now move its HQ and future programs to Texas/Nevada immediately.”

TESLA FURLOUGHED 11,000 CALIFORNIA WORKERS IN CORONAVIRUS BEFORE CONTENTIOUS RESTART

CLICK HERE TO GET FOX BUSINESS ON THE GO

Tesla halted production in late March before ramping up production this month. In its first-quarter earnings report, the company said it turned a $16 million profit and generated $5.98 billion in revenue.

Shares closed at $815.56 and were up 323 percent on the year.

CLICK HERE TO READ MORE ON FOX BUSINESS

Source: Read Full Article