Tesla Ultimately Wins From 'Long And Nasty' UAW Strike: Dan Ives
Portfolio Pulse from Chris Katje
The ongoing strikes by the United Auto Workers union against the Detroit Big Three automakers (General Motors, Ford, and Stellantis) could benefit Tesla and non-union foreign automakers, according to Wedbush analyst Daniel Ives. Ives suggests that the longer the strike continues, the more Tesla could benefit, especially if the new contract includes higher wages for workers. He also sees non-union foreign automakers like Toyota and Volkswagen as potential winners, as they could take market share away from the three Detroit automakers.
September 21, 2023 | 4:02 pm
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NEGATIVE IMPACT
The ongoing UAW strikes could disrupt Ford's operations and potentially increase its costs.
The ongoing strikes could disrupt Ford's operations, potentially leading to production delays and increased costs, especially if the new contract includes higher wages for workers.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The ongoing UAW strikes could disrupt General Motors' operations and potentially increase its costs.
The ongoing strikes could disrupt GM's operations, potentially leading to production delays and increased costs, especially if the new contract includes higher wages for workers.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The ongoing UAW strikes could disrupt Stellantis' operations and potentially increase its costs.
The ongoing strikes could disrupt Stellantis' operations, potentially leading to production delays and increased costs, especially if the new contract includes higher wages for workers.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Toyota could benefit from the ongoing UAW strikes, as it could potentially take market share away from the Detroit Big Three.
The ongoing strikes could disrupt the operations of the Detroit Big Three, potentially allowing Toyota to gain market share.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tesla could benefit from the ongoing UAW strikes, especially if the new contract includes higher wages for workers.
The ongoing strikes could disrupt the operations of the Detroit Big Three, potentially allowing Tesla to gain market share. Additionally, if the new contract includes higher wages, it could increase the costs for the Detroit Big Three, making Tesla's non-union position more advantageous.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Volkswagen could benefit from the ongoing UAW strikes, as it could potentially take market share away from the Detroit Big Three.
The ongoing strikes could disrupt the operations of the Detroit Big Three, potentially allowing Volkswagen to gain market share.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70