Elon Musk Takes A Swipe At UAW Strike: 'Is Anyone Gonna Be Around To Make The Actual Cars!?'
Portfolio Pulse from Shanthi Rexaline
The United Auto Workers union has begun a strike against Detroit’s Big Three automakers, demanding a 40% increase in hourly pay over four years, among other benefits. Tesla's CEO Elon Musk and SPAC king Chamath Palihapitiya commented on the situation, suggesting that automation could be a solution. Palihapitiya also noted that hyper-automated and non-unionized competitors like Tesla could benefit from the situation by lowering prices.
September 17, 2023 | 3:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ford Motor could face production disruptions due to the UAW strike, which could negatively impact its stock price in the short term.
The ongoing strike could disrupt the production of Ford Motor, potentially leading to a decrease in its market share and negatively impacting its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
General Motors could face production disruptions due to the UAW strike, which could negatively impact its stock price in the short term.
The ongoing strike could disrupt the production of General Motors, potentially leading to a decrease in its market share and negatively impacting its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Stellantis could face production disruptions due to the UAW strike, which could negatively impact its stock price in the short term.
The ongoing strike could disrupt the production of Stellantis, potentially leading to a decrease in its market share and negatively impacting its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Tesla could potentially benefit from the UAW strike against Detroit’s Big Three automakers. As a non-unionized and hyper-automated company, Tesla could aggressively lower prices and gain market share.
The ongoing strike could disrupt the production of Detroit’s Big Three automakers, potentially leading to a decrease in their market share. As a non-unionized and hyper-automated company, Tesla is not directly affected by the strike and could take advantage of the situation by lowering prices and attracting more customers.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80