Tesla CEO Elon Musk tweeted that the company will launch car production at a California plant again, despite a local government ban.
Due to coronavirus quarantine, Fremont Police Department forbade Tesla operation of an enterprise located in Fremont, California. Then it was considered that Tesla is not an important enterprise and can only perform the necessary actions to maintain the value of the company's reserves, ensure safety, and payroll for employees.
Tesla CEO said in a tweet that he would "be on the line," a reference to the assembly line at the factory where Tesla makes the Model X, Model S, Model 3, and Model Y.
Elon Musk added that he is ready for a possible arrest for violating the requirements of the authorities. The entrepreneur also said that California had approved the opening of enterprises, and all other automakers in the United States are allowed to resume production. "Only Tesla has been singled out. This is super messed up!" Musk complained.
But factories of other American automakers are not located in the quarantined area.
Tesla Inc.'s average market capitalization for six months exceeded $100 billion. At the same time, the company reached the threshold necessary for Elon Musk to receive his first reward of $706 million.