Tesla CEO Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.”
Automotive Inc. are not unionized. They typically use restricted stock units and employee stock purchase plans for a big part of overall compensation. The UAW worries that EVs, which typically require fewer moving parts and fewer workers to make, will cost them jobs and reduce wages.
The union’s effort at the Fremont plant never gained enough traction to get to a vote. A bipartisan group of U.S. labor board members ruled in 2021 that Tesla repeatedly violated federal law in Fremont, including by “coercively interrogating” union supporters and firing one because of his activism. Tesla has denied wrongdoing and is appealing that ruling.
Despite the headwinds, significant gains for UAW workers at Detroit’s legacy carmakers, combined with high public support for unions, could once again inspire Tesla workers to organize, said Catherine Fisk, a labor law professor at UC Berkeley. Tesla has industry-leading profit margins, and Musk has vowed to chase volume over profits. The EV manufacturer has lowered the price of its vehicles this year, even as Detroit automakers are making the costly shift from making internal combustion engines to EVs.
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