Elon Musk vs. coronavirus lockdown rules was ‘old Western standoff’: Wall Street analyst
Daniel Ives of Wedbush Securities provides insight into Tesla’s California plan reopening, whether Elon Musk will move the company to another state and reports that Uber is looking to acquire GrubHub.
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California officials denied SpaceX's request for a $655,500 in worker training subsidies on Friday after the Teamsters union sent a letter asking them to reject the request from Elon Musk's company because it's "not deserving of taxpayers' dollars."
California's Employment Training Panel, an eight-person board that includes four labor officials, voted down SpaceX's request.
CALIFORNIA TESLA WORKER THANKS ELON MUSK AFTER REOPENING DESPITE CORONAVIRUS
"It is time for Elon Musk [and] Silicon Valley to slow down and stop breaking things at the expense of workers, and instead help create a California that works for all," board member Gretchen Newsom wrote on Twitter on Saturday. Newsom is also political director of International Brotherhood of Electrical Workers Local 569.
The panel's decision comes after Musk clashed with officials in California's Alameda County over reopening a Tesla plant and threatened to move operations out of the state.