Tesla is open to buying the factories that General Motors will abandon following its announcement of restructuring.
Tesla would be interested in General Motors decided to sell any of its plants, Elon Musk said in an interview on CNBC's "60 Minutes" on Sunday.
Meanwhile, Bloomberg reported that GM CEO Mary Barra had a meeting with the Congress last week. The meetings involved the company's decision to close five of its plants in North America along with letting go as many as 14,700 workers. Bloomberg said the CEO is under a lot of pressure to keep the facilities operational for the sake of the many Americans that may lose their jobs.
In November, General Motors announced a step it masked under the guise of restructuring. The company said as part of its focus towards global diversification, it will stop the operations of its factories in Detroit, Oshawa, Ontario, Warren, Ohio, White Marsh, Maryland, and Warren, Michigan.
These plans birthed the popular Chevrolet Volt, Impala and Cruze, the Buick Lacrosse, and the Cadillac CT6 and XTS. Hence, General Motors said it will also stop manufacturing of these car models. In line with this plan, General Motors also announced retrenchment of as much as 15 percent of its employees. Specifically, as many as 8,000 salaried workers and 6,000 hourly workers will be robbed of their jobs. Interestingly, the carmaker also said it will be closing three plants outside the United States.
General Motors said the decision will bring in savings of as much as $6 billion a year by the end of 2020.
Meanwhile, Tesla CEO remained critical of the Securities and Exchange Commission. Musk went to the extent of telling 60 Minutes host Lesley Stahl that he had no respect of the SEC.
Musk's grudge against the Commission started when the latter sued him on grounds of defrauding investors. The accusation was based on his tweet prior, saying that he would like to take the company public at $420 a share. The Tesla CEO also tweeted at the timed that he had already secured funding. At the time, reports emerged that he was referring to the Kingdom of Saudi Arabia.
Musk was unapologetic and in fact, argued that nobody is perfect. He described himself as someone impulsive and would like himself different from what people expect from a top executive.
Indeed, his behavior in August was unlikely. He engaged in a verbal war against a man who rescued the children trapped in a Thai cave, saying that said rescuer was a pedophile. He was also embroiled in controversy when he smoked pot on the Joe Rogan podcast.
