Andrew Cuomo Invokes Lesser-Known ‘Turnabout Is Fair Play’ Doctrine To Impose Quarantine Order

(Photo by Chris Hondros/Getty Images)

In the early days of the COVID-19 outbreak, Rhode Island imposed a rule stopping motorists from New York from entering the state without undergoing a 14-day self-quarantine. Governor Gina Raimondo claimed that locking off access to New York was a critical public health initiative. Governor Andrew Cuomo responded by screaming bloody murder and threatening to sue Rhode Island over the discriminatory practice. Raimondo defused the situation by changing the standard to apply to people entering the state from any other state.

Now, New York, New Jersey, and Connecticut have the virus more or less under control and have decided it’s time to impose their own quarantine upon visitors from states that they’ve decided represent intolerable hotspots because the unconstitutionality that they couldn’t brook two months ago now makes for a good opportunity to preen for the cameras and look tough themselves — not unlike Raimondo tried to do when Cuomo was neck-deep in a public health crisis he exacerbated himself. But now he’s the one with low numbers and turnabout is fair play as they say in constitutional law! Oh, sorry, no. Only Neomi Rao says that about constitutional law.

The new policy is based on the ostensibly neutral standard of a seven-day rolling average of 10 percent positives thus cutting out Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Washington, Utah, and Texas.

Texas and Florida, coincidentally, also put up travel restrictions against New York in the past and are now complete dumpster fires suggesting that these political stunts might not be as effective in fighting the virus as wearing masks and not forcing people to work in offices within your own state, but put the efficacy of this proposal to one side for a second.

No one wants to be exposed to the virus and states can and should be working a lot harder to combat it. But, alas, you can’t start singling out people from certain states for discriminatory treatment like this. We’ve had bouts over this within the legal profession when New York declared that its first go-around of the bar exam in the fall would be closed to non-NY law school grads. Illinois Law School’s Dean Vik Amar noted that discriminating against economic actors based on their state like that would trigger a sort of strict scrutiny review. I argued that because New York’s bar exam proposal (like the quarantine Rhode Island eventually settled on) would probably pass muster in part because it was a blanket policy and there are decent arguments for fast-tracking in-state graduates. Either way, the point was that discriminating against out-of-staters requires a really good reason.

In any event, it’s hard to imagine Cuomo and his neighboring governors can provide a particularly strong justification for shutting out Utah while remaining open for business with its fellow hotspot California. One would think that the volume of travel should be far a more important component in any credibly crafted policy. Even if California doesn’t hit the threshold the Tri-State governors drew up at random (and it looks like they are very conveniently just under the line the governors chose to draw) it’s a fairly safe bet that considering the number of Angelenos coming to New York every day as opposed to Provoites (or whatever they’re called) the risk of exposure is far higher allowing unchecked travel from California. So if the stated purpose of the law is to prevent exposure this standard is poorly tailored to do that.

How arbitrary is the line that the Tri-State governors drew? Washington dropped off the list before the day was over! Phew. Glad to know they went from serious threat to perfectly safe so quickly. The irony of this is that the original Rhode Island and Texas policies, forged when New York was hundreds of times sicker than other states with upwards of 1000 deaths per day, presented a far stronger, if still likely uphill argument, for singling out citizens of a specific state.

Maybe no one is going to sue the states over this. The states targeted by the quarantine certainly have their hands full right now, but it’s hard to imagine there’s no enterprising attorney general in one of these states doesn’t want a throwdown with New York. In fact, some of these states don’t seem to care much about actually fighting the virus so fighting New York is probably all they’re willing to do.

Everyone wants to be safe and everyone wants to see “action” to keep them safe. But discriminating against citizens of other states based on drawing random lines manages to protect almost no one while also being unconstitutional. Either make all states — or at least a lot more similarly situated ones — quarantine or just stay vigilant with in-state public health initiatives. Forcing people to wear masks may not be a flashy initiative, but we don’t need leaders to make waves, we just need them to do their jobs.


HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

Everything You Need to Consider Before Locking Into High Cost Contracts With Consultants Coaches and Marketers – Part II

In Part I of this two-part series, I discussed why it’s so difficult for lawyers to resist the siren’s song of coaching and marketing programs that promise the sky but often fail to deliver.  Here in Part II, I’ve set out a long list of factors to help lawyers separate the wheat from the chaff when choosing a program and to figure out whether or not some of the highly-regarded programs are the right fit for you.

What Does the Program Cost and Can You Afford It?

Most people would never dream of shopping for a home in a neighborhood where the cheapest house is more than $150,000 out of their price range. Yet many lawyers are often induced to spend far more than they can afford or that they feel comfortable spending on programs because they’re convinced by salespeople that the spend shows a “commitment” to success or will serve as motivation to work hard.

Nonsense.

If you spend more than you can afford, you’re likely to feel so stressed that you won’t be able to focus on doing what you need to do. Or you’ll second-guess or beat yourself up about what you paid which will lead to a loss of the confidence that you need to thrive.

Bottom line – spend only what you can comfortably afford to lose.

Will the Program Lock You In?

Related to the question of cost is the question of flexibility.  Specifically, does the program offer refunds?  Don’t assume that you can get out of a non-refundable program just because you decide that it’s not working.  Bear in mind, some programs offer money-back guarantees or pro-rated refunds while others do not.  Think about whether the program offers enough value to justify being locked-in and potentially precluded from trying another program if you didn’t find the right fit.

Does the Company’s USP (Unique Selling Proposition) Match Your Needs?

Every marketing or coaching program has features that make it unique. Some excel for mindset, others for sales, others for tech or creating system or innovating a practice. Some programs focus on helping former big firm attorneys break off and start a firm, others on managing a volume practice or multiple lawyers. Some programs include a few of these features but it’s extremely rare to find all in one place.

Though many marketers would disagree, I believe that practice area is also relevant.  A lawyer or program with experience in helping lawyers serving consumers may not have much advice for a lawyer targeting corporate clients and vice versa.  

If you’re going to invest a considerable sum of money in a marketing or coaching program, you want to make sure that it’s a fit for what you need.  That means engaging in due diligence with pointed questions to the program or coach such as:

  • What kind of experience have you had in working with lawyers in my practice area?
  • Can you give me specific examples of how your program has helped lawyers with [increasing sales conversion or gaining confidence or managing staff]
  • Can you tell me what types of lawyers have not had success with your program and why?
  • Can you tell me what percentage of your program includes [lawyers just starting out? lawyers of color? Older lawyers with limited tech experience. Etc…]
  • Will I be personally coached/advised by XXX?
  • Will I be working with lawyers or non-lawyers as part of the program? And if I work with a non-lawyer, will they be familiar with law-specific technologies and legal ethics obligations?

A program isn’t objectively deficient because it lacks a module on tech or doesn’t have coaches experienced in helping immigration lawyers which might be your practice area. But if those features are important to you, then the program may not be right for you.

Does the Company’s Style Match Your Own?

You’re most likely to succeed if your values and propensities match – or at least don’t conflict with your chosen program.  To figure that out, examine the approach that a program or coach takes to marketing their own services because chances are, that’s how they’ll advise you to do business.

Here’s one example – the practice of charging premium fees. If a coaching company charges premium rates, chances are that the program will advise you to do the same in your business.  Some lawyers enjoy being top price in the market while others would rather hold themselves out as an affordable option. Neither approach is wrong – it’s simply a matter of preference. But if you fall into the affordable camp, tips on increasing your rates by 30% to make more money may not resonate and you may resist implementing them.

The same principles apply with regard to the “hard sell.”  A company that hard sells its programs will be likely to persuade you to adopt the same approach in your practice. Some lawyers are perfectly comfortable with hard sell. After all, potential clients are all adults, the service that the lawyer is selling is generally important and necessary in most instances, many time, clients do need a push to move forward and and those who don’t want to buy can always say no and walk away. On the other hand, some lawyers believe that because many clients come to lawyers under stress to begin with, they’re uniquely vulnerable to hard sell and for that reason, lawyers should give them breathing room. Either position on hard sell tactics is valid and for what it’s worth, I waffle between the two.  My point is that if you chafe at hard sell tactics, a program that uses them on you or teaches them as part of its program won’t work for you because you won’t feel comfortable implementing that approach. On the flip side, if you’re looking to grow fast, a program that focuses on building long term relationships and that takes a more passive approach to closing a deal may not deliver the results you want so you’ll likewise come away dissatisfied.

Does the Company Have a Stake In Your Success?

One thing that riles me about some coaching programs is that supposed experts refuse to take any responsibility for the success or failure of participants.  I realize that coaches are reluctant to offer guarantees because they can’t control if participants will do the work. But if participants don’t do the work, isn’t that partly the fault of the coach for failing to keep them accountable? Likewise, if a program isn’t a fit, isn’t it the owner’s fault for failing to effectively vet participants? Strive for programs where the coach and owner are as accountable as they expect you to be.

When You Do Diligence, Are You Duly Diligent?

Many lawyers will often ask colleagues for recommendations for coaching or marketing programs but don’t ask the kinds of questions that I suggested above to figure out whether the program might be a match. Keep in mind that even if colleagues rave about a coach or program, it may not be right for you so delve into the reasons why it worked.

As for online reviews, all I can say is buyer beware. The coaching and online influence sphere is rife with conduct that in my view borders on fraud. You’ll see one coach offering a testimonial at another’s site with the implicit understanding though not overt agreement that the favor will be reciprocated.  Others who recommend a program may get affiliate fees or discounts that they fail to disclose.  And testimonials are often gathered from participants right after a live event when they’re still feeling a high and haven’t had a chance to implement what they learned.

Finally, what’s most unfortunate is that complaints about programs are often kept under wraps.  Many high cost programs contain non-disparagement clauses that have a chilling effect on critical reviews.  And most lawyers blame themselves and feel embarrassed when a program doesn’t work out so they’re loathe to share their opinions candidly.

Is the Company Diverse in Composition or What It Teaches and Supports?

In the wake of recent events, all lawyers must consider the diversity of a coach, consultant and their team as well as the diversity of the consultants and authors that the program teaches and supports.  Why is this important?  Because 85 percent of lawyers are white and 64 percent of lawyers are male, according to a 2019 ABA Report and until those numbers even out, we must all make sure that the voices of women and lawyers of color are not lost – and to do that, we must ensure that they have access to inclusive coaching and marketing programs to help them build successful, sustainable law practices that can power them to the top of the profession . How to tell if a program is walking the walk? Is the program’s leadership diverse? Does the program work with diverse professionals, or interview them on podcasts or feature them on their blog? 

Does a Program Fall Into the TAO Category?

Because choosing the right program can be so daunting, I always advise lawyers to budget several hundred or even several thousand dollars (depending upon what you can afford to lose) for an annual TAO – try anything once category so you can check out something new with low risk.  

The Bottom Line and My Guarantee

I’m always amazed that the same lawyers who spend weeks trying to select a computer system for their office or deciding which car to buy will spend the same or more money on a coaching or marketing program with little investigation.  Don’t misunderstand – I’m not knocking coaches, masterminds and other similar categories of programs, some of which have helped some lawyers achieve incredible success.  But these programs are not without risk – and if you don’t choose a program that’s the right fit, you may find yourself locked in for a year or more and unable to afford a better option. Or you may beat yourself up for choosing poorly and become so gun shy that you never try again and remain stuck when there might be a service that can help you grow.

I am hopeful that this post can help avoid that outcome.  But I’ll also provide you with this guarantee:   

If you go through all of the steps that I’ve listed for choosing a coach or marketing program and it still doesn’t work out, then know that you made the best decision on information available at the time and don’t beat yourself up and don’t feel ashamed.  Instead, share your experience with others so that they can make a more informed decision and move on. You have my permission to set yourself free!

Unexpected Paths: Motherhood And The Law

(Image via Getty)

Ed. note: This is the latest installment in a series of posts on motherhood in the legal profession, in partnership with our friends at MothersEsquire. Welcome Suzanne B. Hite to our pages.

Managing motherhood and my legal career has been a challenge. I made plans, but for a variety of reasons, those plans fell apart spectacularly. I have had to respond with flexibility, patience, creativity, and a sense of humor in order to manage my life, emotional well being, legal career, and family.

In law school, my intention was to have children, continue working, and hire a nanny. While working my dream job, I became pregnant with twin boys. Despite complications, my boys arrived safely, but the pregnancy had taken its toll, and motherhood had unleashed feelings that were completely unexpected. I did not return to work. Two years later, our daughter arrived.  Prior to the arrival of my children, it never crossed my mind, not even once, to stay at home. And, yet.

For seven years, I did not work as a lawyer. Then, I returned to work with an older attorney when it was unusual to have no office, no support staff, and only our cellphones. We handled 10 eminent domain cases and took five of them to trial. Our arrangement provided the flexibility that I desired, while giving me the opportunity to practice law and become a trial attorney.

Next, I tried working at a midsize firm, but the one-hour commute was too  much for me and our family. I then began working part-time, behind-the-scenes, at my husband’s law firm. This provides the flexibility I desire and allows me to do interesting and challenging legal work.

Prior to the pandemic, I was looking forward to stepping away from my behind-the-scenes role and dedicating myself to work in a way that I hadn’t in 20 years. I worked on my resume. I started networking. I investigated traditional and nontraditional legal roles. The process was both terrifying and exciting.

I am an excellent lawyer with a wide range of sought-after skills, but moments of self doubt and fear emerged about whether the gaps in my resume and my nontraditional legal career would make me unmarketable.  Still, I was joyously envisioning myself finding my niche and using my unique background in a role that allowed me to do important work in my own right.

My life has been turned upside down due to the pandemic. What does the future hold for me, for my children, for all of us? Will there be a job market for me to transition into in 2020-21? Will my boys return to college in the fall?  What will the economy look like in the aftermath of the pandemic? For now and for the foreseeable future, I will continue working at my husband’s firm.  It is a stressful time to be a lawyer, and I am extremely grateful to have a job.  It is also a stressful time to be a human being, and especially to be a parent.

Am I glad I stayed home and worked part time while my kids were young?  Absolutely, yes. Do I judge others who choose to work? Honestly, I used to. As a young mother, I wondered why women have children and go back to work.  I’m ashamed of that now; why wasn’t I thinking that of the fathers? Why was I thinking it at all? And, whether I was working part time or not at all, I felt the subtle and not-so-subtle judgment of others over the past 20 years from strangers, friends, and even family members.

As I have matured as a person, mother, and human being, I have realized that every parent needs the freedom to choose the path that works best for them.  And, I am a perfect example of someone whose intended paths have taken wild, unexpected turns due to life events beyond my control. Honestly, if you had told me at any point before I had children that I would be a stay-at-home mom, I would have called you crazy. I have even wondered whether I would have left my dream job in 2000 if I had had one child, instead of twins and, if not, how my life and career would have been different.

Honestly, it is a bit scary to be writing all this down. Everyone can be so hard on each other and so judgmental of each other’s parenting and choices, even mothers who, one would think, would be the most supportive of each other.  Everyone is struggling now with schools and businesses closed, forcing many parents to now be stay-at-home-but-also-working-full-time parents. My hope for all of us is that we face this life and our careers, and particularly this pandemic, with flexibility, patience, creativity, and a sense of humor and that, in the end, we learn to support each other, and give each other the freedom to figure out and walk our own paths, not only free from judgment, but with support and kindness.

EarlierMothers At Law: Achieving Meaningful Success In The Legal Profession


Suzanne B. Hite, originally from Michigan, graduated from the University of Louisville School of Law. She worked as an Assistant Attorney General in the Division of Criminal Appeals and as an Assistant Director of Law for the City of Louisville Law Department before motherhood compelled her to stay at home, then work part time for the next decade. Currently, she works for Hite Law Group, PLLC, and is looking forward to resuming her job search in the months ahead. Suzanne is an active community volunteer – creating a mentor support team for the Louisville Mother of Twins Club; serving on a local school board and on the committee to hire a school superintendent; and volunteering with Room at the Inn, Meals from the Heart, and the Thomas Nelson High School Speech Team. Suzanne lives in Bardstown, Kentucky, with her husband and three children, and enjoys reading, cooking, genuinely connecting with others, and visiting family and friends in Michigan. She can be reached at shite@hitelawky.com.  

Steve Cohen Can’t Give The Mets $3.1 Billion, But Had To Give Them $2 Million

Virtual Legal Conferences: A Formula For Success

Now that it’s obvious the COVID-19 pandemic shows no signs of slowing down in some areas of the country, one thing is clear: in-person legal conferences won’t be happening anytime soon. That’s why, for example, it was recently announced that one of the largest legal technology conferences, ILTACON, would be held virtually this year.

How Do You Make Virtual Conferences Interesting?

This got me thinking: how do you make a large legal conference interesting and enjoyable in a virtual format? Sure, you can still hold virtual CLE sessions fairly easily. After all, everyone’s “Zooming” (as I recently heard a more … ahem … seasoned judge call videoconferencing), and we’re all pretty used to online CLE webinars.

But let’s be honest, CLEs are only a small part of conferences. Certainly we go to large legal conferences for the seminars and CLE credit, but we also attend them for the networking, the fun nights out on the town that include dinner and drinks with colleagues, the inside scoop on the newest product releases, and to learn the latest on upcoming industry trends.

Unfortunately, most “virtual” conference platforms fail to incorporate many of the very elements that make conferences the most enjoyable. Sure, virtual CLE sessions and vendor “booths” allow attendees to peruse marketing materials and to chat via text messages with vendors, but even in those respects they fall flat. The feeling of true interaction and engagement is limited and the experience often feels very one dimensional, and — let’s be honest — boring.

There’s Got To Be A Better Way

Which is why I figured there’s got to be a better way. I mean, it’s 2020 after all. Surely there’s a way to hold a virtual conference that’s more interactive and allows attendees to be more engaged with both vendors and other attendees. If the Black Mirror writers could envision a way to allow people to interact more realistically in a virtual setting in 2011 (and so many of the technologies envisioned in that series have already come to fruition), then why aren’t more authentic virtual conferences a possibility in 2020?

The good news is that there actually is a better way. The bad news is that lawyers may be reluctant to use it. After all, the legal profession has historically been slow to adapt to new technologies.

That being said, the current pandemic has led to much-needed change and has resulted in a rapid acceleration of technology adoption by lawyers out of necessity. So I’m hopeful that because of the effects of the pandemic, lawyers will likewise be more inclined to rapidly adapt to the virtual conference format that I think is the best option available right now: attending a virtual reality conference via avatars.

There Is A Better Way

A few recently released virtual conference platforms provide the most immersive experience available. You attend the conference as an avatar that you create and personalize prior to entering.

Although the features of the platforms vary somewhat, generally speaking you’re able to navigate the virtual conference via your avatar and interact with others. You can attend seminars, and often are able to verbally chat with people sitting next to you or at your table. You can enter the exhibit hall, walk up to booths and speak with the vendors, and watch demos, videos, etc. You can also attend networking events and speak to and interact with other attendees.

In some of the platforms, as your avatar moves away from another avatar, the sound of their voice will decrease. Some of the platforms will allow webinars with slide decks to occur within the platform. Some make it possible for you to easily share contact information with other participants. Some permit private chats, while others have community discussion boards devoted to specific topics.

In other words, the features may vary, but the immersive nature of the experience will be far superior to that of a “flat” virtual conference that consists primarily of web links, Zoom meetings, and simple text-chat capabilities. While it may seem strange to attendees at first blush, I fully expect that in a matter of minutes, they’ll be fully engaged, and the uniqueness of the experience will fade. This will be especially so for the more tech-savvy attendees at legal technology conferences.

The Avatar-Based Conference Platforms

Because this is a fairly new concept, a huge number of options are not available. That being said, three of the best-known contenders are Virtway, Teeoh, and Whova.

All three use avatars and provide similar immersive experiences, but their feature sets vary. So if you’re planning a legal conference sometime soon, it’s important to take advantage of any free trials and to set up demos so that you can see the platforms in action. Make sure have a full understanding of how you’d like to use them and which features you’ll need prior to the demo so that you can ask questions and ensure that you understand all of the relevant features and functionalities.

Sure, the concept of holding a conference that uses avatars may seem unusual, but I’m not sure I’d be willing to attend a full-fledged virtual conference, as opposed to a simple online CLE seminar, any other way. There’s simply no benefit to attending a “flat” virtual conference if networking and interactive capabilities are absent, especially if you’ll be covering it as press, which I usually do.

So hopefully a few brave, adventurous souls will have the foresight and gumption to do something notable and will hold a virtual conference using avatars. I sure hope so. Rest assured, I’ll be keeping my eyes out, and if a legaltech organization announces plans to host a U.S.-based virtual conference in this manner, I’ll be the first in line to request a press pass.

So, here’s my only question at this point: Any takers?


Nicole Black is a Rochester, New York attorney and Director of Business and Community Relations at MyCase, web-based law practice management software. She’s been blogging since 2005, has written a weekly column for the Daily Record since 2007, is the author of Cloud Computing for Lawyers, co-authors Social Media for Lawyers: the Next Frontier, and co-authors Criminal Law in New York. She’s easily distracted by the potential of bright and shiny tech gadgets, along with good food and wine. You can follow her on Twitter at @nikiblack and she can be reached at niki.black@mycase.com.

Morning Docket: 06.25.20

* The Department of Justice has backed a lawsuit against Hawaii over the state’s mandatory quarantine for out-of-state travelers. Maybe DOJ lawyers just really want to visit the Aloha state… [Fox News]

* A South Carolina lawyer has been disbarred for making numerous false and misleading statements on her bar application. [Bloomberg Law]

* A lawyer who walked out on a client during settlement negotiations is on the hook for a $300,000 malpractice verdict. [Legal Newswire]

* The Second Circuit expressed bewilderment while considering the bail request of two lawyers charged with firebombing an NYPD police vehicle during protests last month. [Law360]

* Bayer has agreed to pay $10 billion into a settlement fund to resolve thousands of lawsuits related to the weedkiller Roundup. And Bayer was able to settle the lawsuits without having to pay two plaintiffs’ lawyers a $200 million “consultation” fee. [NBC News]


Jordan Rothman is a partner of The Rothman Law Firm, a full-service New York and New Jersey law firm. He is also the founder of Student Debt Diaries, a website discussing how he paid off his student loans. You can reach Jordan through email at jordan@rothmanlawyer.com.

AFL-CIO Seeks Rehearing En Banc in Bid to Get ETS from OSHA [Sponsored]

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Good News For Law Firms, Of Course That Was Pre-Pandemic…

Ed. Note: Welcome to our daily feature Trivia Question of the Day!

According to data collected by the 2020 NLJ 500 ranking, the the number of lawyers working at the biggest 500 (U.S.-centric) firms increased by what percentage last year?

Hint:The growth in 2019 matched that on 2018, we’ll have to wait and see how COVID-19 impacts this year’s numbers.

See the answer on the next page.

Decade After IPO, Despite Pandemic, Recession, And Global Unrest, Tesla Stock Crushes It With Nearly 6,000% Return

Elon Musk (by Heisenberg Media)

Tesla’s initial public offering was held on June 29, 2010. If you were lucky enough to be among its first public investors, you could have snagged a snare for around $17.

By the end of that first day, Tesla shares had risen to $23.89 — quite a feat, considering that the Nasdaq was down 3.85 percent on June 29, 2010, and the Dow had dropped by 2.65 percent. It was a sign of things to come.

Over the past decade, Tesla faced obstacle after obstacle. As it initially burned through cash with no sign of consistent profitability in sight, critics predicted Tesla’s imminent collapse. At times, even well after it demonstrated profitability, Tesla was the most-shorted stock on the U.S. market. Controversy perennially surrounded the Twitter habits of Tesla’s CEO, Elon Musk, and virtually everything else people could come up with to criticize him about.

Yet, Tesla slowly marched ahead. The electric automaker churned out more and better vehicles, and discerning consumers snatched them up with gusto. Tesla began outperforming profit expectations. Soon, it became the most valuable U.S. automaker in history, and for a brief period, Tesla overtook Toyota to become the most valuable car company in the world. Short sellers who sought to profit from Tesla’s downfall lost billions.

As I write this, one share of Tesla stock is valued at $1,008.10. That means an investor who got in at the original IPO price of $17 per share would have realized a 5,930 percent return.

For purposes of comparison, the broader S&P 500 index gained approximately 289 percent over roughly the same period. The S&P 500 hasn’t performed badly over the past decade by any means, but next to Tesla stock, well, it’s a bit like comparing the rolling hills of Kentucky to the Himalayas.

Perhaps all the more impressive, a good deal of Tesla’s gains have taken place over the past six months of national and global chaos. Almost every stock took a battering in March as the COVID-19 lockdowns went into effect, including Tesla. Stocks generally rebounded significantly, and Tesla was among the many stocks to make a sharp dip followed by a relatively quick recovery. But a good amount of the recent rise in Tesla’s share price appears to be independent of the recent broader market recovery. Six months ago, at the close of trading on December 23, 2019, a share of Tesla was going for $419.22. But Chinese health officials had not reported a cluster of acute respiratory illness originating in the city of Wuhan until December 31, 2019. So, in spite of all the market turbulence associated with the coronavirus pandemic, Tesla’s share price has more than doubled in the past six months.

The World Bank forecasts that we are facing the deepest economic recession since World War II. In addition to the health and economic threats of COVID-19, mass demonstrations against racial injustice have swept across the nation and the world. Throughout all of this, the United States has been burdened by a leader who is not so much asleep at the wheel as he is deliberately driving off a cliff with all of us in the passenger seat. Despite these challenges, Tesla’s share price has not just shown tremendous resiliency: it has shown tremendous growth.

This is not the end of Tesla’s hardships. We have not seen the end of production issues. We’ll hear about some more fun tweets from Elon Musk. The share price will go up, and it will go down. But a decade out from its IPO, with a return of nearly 6,000 percent for its early public investors, Tesla has undisputedly demonstrated its viability as a company and has embarrassed its many critics. Even more importantly, Tesla has given us a glimmer of hope that perhaps a toxic overreliance on fossil fuels is not our inevitable future. That is some good news, at a time when I think we could all really use it.


Jonathan Wolf is a litigation associate at a midsize, full-service Minnesota firm. He also teaches as an adjunct writing professor at Mitchell Hamline School of Law, has written for a wide variety of publications, and makes it both his business and his pleasure to be financially and scientifically literate. Any views he expresses are probably pure gold, but are nonetheless solely his own and should not be attributed to any organization with which he is affiliated. He wouldn’t want to share the credit anyway. He can be reached at jon_wolf@hotmail.com.