Elon Musk's Covid-19 Tests: Tesla CEO Says He Tests Both Positive and Negative -- Update
November 13 2020 - 12:39PM
Dow Jones News
By Robert Wall
Tesla Inc. Chief Executive Elon Musk, who has repeatedly played
down the risk of the coronavirus since early in the pandemic, says
he tested both positive and negative for Covid-19 on Thursday and
raised questions about the validity of such testing more
broadly.
Mr. Musk, on Twitter, said he was experiencing cold-like
symptoms and, when taking four of the same tests administered on
the same machine, had two results come back positive and two
negative.
"Something extremely bogus is going on," he said.
The symptoms he was experiencing, he said, were "nothing unusual
so far." Later, he tweeted he had experienced "Mild sniffles &
cough & slight fever past few days," though was not feeling any
symptoms after taking over-the-counter cold medicine.
If a diagnosis is confirmed, Mr. Musk would become one of
several CEOs to reveal they contracted the virus. Morgan Stanley
CEO James Gorman, NBCUniversal CEO Jeff Shell and Hewlett-Packard
Enterprise Co. CEO Antonio Neri revealed positive diagnoses earlier
this year.
Howard Willard, former CEO of Altria Group Inc., took a
temporary medical leave after a positive diagnosis in March and
announced his retirement in April after a rocky two-year tenure
leading the Marlboro maker.
Through the pandemic, management teams have worked to fortify
succession plans and review backup operating plans when critical
employees fall ill.
In March, Mr. Musk predicted there would likely be close to zero
new Covid-19 cases in the U.S. by the end of April. In March, the
outspoken CEO said "my guess is that the panic will cause more harm
than the virus, if that hasn't happened already."
His latest tweets came as positive U.S. Covid-19 tests reached a
record. On Thursday, Alameda County, near San Francisco -- where
Tesla's lone U.S. car factory is based -- warned of rising
coronavirus cases and potential new restrictions to combat the
disease. County health officials earlier this year ordered Tesla to
temporarily close the car plant.
On an earnings call in April, with the U.S. plant shut, Mr. Musk
railed against local shelter-in-place restrictions aimed at slowing
the spread of the virus.
"Give people back their goddamn freedom," he said.
When Tesla reopened the Fremont plant in May it had put in place
safety protocols that county officials inspected. Workers have
reported instances of Covid-19 cases among workers at the facility,
though neither Tesla nor local authorities have commented on the
scale of infection among the vehicle maker's staff.
The four Covid-19 results Mr. Musk said he received Thursday
came from rapid-response tests. He said he was taking a more
thorough PCR, or polymerase chain reaction, test -- typically
involving a nasal or throat swab -- at a separate laboratory and
was expecting to get results in about 24 hours.
Rapid-response tests, also known as antigen tests, can deliver
results in about 15 minutes but data has shown that they are less
precise than PCR tests, meaning they can't detect the virus as well
and may deliver false negatives.
Tesla shares were down about 2% in late-morning trade
Friday.
The pandemic at one point threatened to derail Mr. Musk's plan
to boost Tesla deliveries by about 36% this year with the closure
of the plant. Mr. Musk fought to reopen the factory and Tesla last
month said its goal of delivering more than 500,000 vehicles this
year could still be attainable. The company is on track to post its
first full-year profit in 2020 despite the pandemic, according to
analyst estimates.
Mr. Musk disclosed the test results soon after a rocket being
developed by Space Exploration Technologies Corp. that he also runs
failed on a test stand in Texas. A different SpaceX rocket awaits a
planned Saturday launch at NASA's Kennedy Space Center in Florida
to carry four astronauts to the International Space Station.
--Bowdeya Tweh contributed to this article.
Write to Robert Wall at robert.wall@wsj.com
(END) Dow Jones Newswires
November 13, 2020 12:24 ET (17:24 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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