Elon Musk is back in the news cycle, but this time it wasn't because of his tweets.
Tulsa has transformed its iconic 75-foot-tall Golden Driller statue into a likeness of the billionaire entrepreneur in an almost superhero-style pose with the Tesla emblem emblazoned across his chest. The city gave the statue, built in the 1960s as a tribute to the oil industry, a makeover to entice Musk to build a new factory in the Oklahoma metropolis.
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The coronavirus pandemic's emergence has changed the world around us. Conferences have been cancelled, travel has been severely restricted, and working from home has become the norm. But less clear is the scale of the economic impact and how companies should be reacting. Here are the latest headlines regarding how the novel coronavirus is impacting the Los Angeles startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for the latest updates.
1:39 p.m: Disneyland Will Close Due to Covid-19
<img lazy-loadable="true" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMjg3NDM0Ny9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY1NDY5NjA0Nn0.Y1L1DUWLXd4F4aTEoo8-Gv9HC0fwnKTJI0DwwadS-cE/img.jpg?width=980" id="bfe52" class="rm-shortcode" data-rm-shortcode-id="2a820728d7c9919b88686a42fc196062" data-rm-shortcode-name="rebelmouse-image" data-width="2172" data-height="1868" /> <p>Disneyland will close its doors indefinitely, according to a statement from the park:</p><p style="margin-left: 20px;">"While there have been no reported cases of COVID-19 at Disneyland Resort, after carefully reviewing the guidelines of the Governor of California's executive order and in the best interest of our guests and employees, we are proceeding with the closure of Disneyland Park and Disney California Adventure, beginning the morning of March 14 through the end of the month. The Hotels of Disneyland Resort will remain open until Monday, March 16 to give guests the ability to make necessary travel arrangements; Downtown Disney will remain open. We will monitor the ongoing situation and follow the advice and guidance of federal and state officials and health agencies. Disney will continue to pay cast members during this time."</p><p>The closure comes as California Governor Gavin Newsom has called for all nonessential events of more than 250 people to be cancelled and <a href="https://www.gov.ca.gov/2020/03/12/governor-newsom-issues-new-executive-order-further-enhancing-state-and-local-governments-ability-to-respond-to-covid-19-pandemic/" target="_blank">issued a health directive</a> aimed at getting Californians to be vigilant about contracting the virus. </p>Startup Aims to Produce 10,000 COVID-19 Testing Kits a Day at L.A. Lab
<p>"We thought the big testing labs would have it under control, but it became apparent to us that there wasn't enough testing."</p><p>With that thought, Fred Turner, the head of a Bay Area startup known as Curative Inc., headed to Los Angeles to launch a production facility to produce coronavirus testing kits. "We can now do 50 a day, by Monday 150, and the end of the week 1,000 a day." The goal: 10,000 coronavirus testing kits to be deployed to drive-thru testing centers across the United States.</p><p><a href="https://dot.la/startup-aims-to-produce-10-000-covid-19-kits-a-day-2645471750.html"></a><a href="https://dot.la/startup-aims-to-produce-10-000-covid-19-kits-a-day-2645471750.html" target="_blank">Check out reporter Rachel Uranga's story here. </a></p>10:51a.m.: Major League Baseball Suspends Spring Training, Delays Season
<img lazy-loadable="true" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMjg3NDI5MS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY1ODU2MDM5MH0.7piIroKWpMEqceJcCAJMVmWwF3EWmroN6immzsXj0P0/img.jpg?width=980" id="8e849" class="rm-shortcode" data-rm-shortcode-id="6efd4609c4ec897c5cf95a11a7998746" data-rm-shortcode-name="rebelmouse-image" data-width="3024" data-height="4032" /> <p>Major League Baseball suspended all spring training in Arizona and Florida to confront the coronavirus pandemic, and delayed the start of the regular season by at least two weeks. The NCAA Tournament set for March also called off games. </p>10:37 a.m.: Major League Soccer Suspends Play
<img lazy-loadable="true" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMjg3NDAwNS9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYyNDA2NDcwOX0.M9aL5Js3a83yB7QWLq09AFyjuuj7c_JpfoSetE6h5mw/img.png?width=980" id="7da5d" class="rm-shortcode" data-rm-shortcode-id="d580f69035c50f91cb97161dcf973037" data-rm-shortcode-name="rebelmouse-image" data-width="969" data-height="1024" /> <p>Major League Soccer is following in the footsteps of the NBA and suspending its season for 30 days due to the coronavirus COVID-19, the league announced Thursday. The Los Angeles Galaxy, which are currently ranked fifth in the western conference, tweeted "at the appropriate time, the league and clubs will communicate plans for the continuation of the 2020 season."</p>9:47 a.m.: eSports Takes a Hit
<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMjg3MzQyMy9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYzODQ5NjAyMn0.jnHUVjjCZVFilLUa_fC-mwj9ibkKOC6LUTP3mB49Xds/img.jpg?width=980" id="3755f" class="rm-shortcode" data-rm-shortcode-id="127e18c909e35004e1092f49ed9e9f40" data-rm-shortcode-name="rebelmouse-image" />William D'Urso<p>Plans for the <em>Overwatch</em> League to grow attendance in 2020 have stalled as organizers have shut it down amid growing coronavirus fears. The blockbuster title had big plans this year for its dedicated eSports league, rolling out a home game schedule aimed to foment regional enthusiasm. <a href="https://dot.la/overwatch-league-cancellations-2645468734.html" target="_blank">Read More >></a></p>1:00 a.m.: UCLA Anderson Revises Its Economic Outlook for 2020
<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMjg3MjkyOC9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYzODMwMTkwNn0.wCq1Vi6dI2o8z4w0G2bqSE1dAfRQdvAqkRnqcOSrHRE/img.png?width=980" id="51cd4" class="rm-shortcode" data-rm-shortcode-id="2936bd7bca5435544d5c34a94e1111d6" data-rm-shortcode-name="rebelmouse-image" />cdn.pixabay.com<p>University of California, Los Angeles economists tore up their quarterly March 2020 economic outlook as COVID-19 anxiety took hold of the American public and the novel virus spread through dozens of states.<br></p><p>The updated 104-page UCLA Anderson Forecast, released early Thursday, revised their earlier forecast of 2% for real GDP growth to a low 1.5% on a fourth-quarter-to-fourth-quarter basis, as they took a "midpoint between coronavirus having a very minimal effect to it causing a full-blown recession." <a href="https://dot.la/ucla-economists-forecast-2-quarter-hit-to-gdp-due-to-covid-19-2645466093.html" target="_blank">Read more >></a></p>- Coronavirus Stokes Investor Fears – From Venture Capital to Wall ... ›
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TrueCar announced Tuesday that Mike Darrow, who has been the Santa Monica company's interim chief executive, now will take over the position on a permanent basis. Analysts say the move adds a measure of stability at a time when many on Wall Street saw it as a possible acquisition target.
Darrow has been with TrueCar for three years, and was put into the top leadership position after former president and CEO Chip Perry retired in May 2019. Prior to that, Darrow served as the company's executive vice president as well as head of TrueCar's ALG subsidiary.