Munster Weighs In On Reports Of Unionization Move At Tesla: 'Employees Will Likely Vote Down The UAW And Instead Settle For...'
Portfolio Pulse from Shanthi Rexaline
The United Auto Workers union is reportedly targeting Tesla, Inc. for unionization. Tesla's Fremont plant, with approximately 20,000 workers, currently has a UAW organizing committee. Gene Munster of Deepwater Asset Management predicts that Tesla employees will likely reject the UAW and instead opt for a 20% pay raise. This comes at a time when Tesla's auto margin is decreasing due to price cuts implemented to boost sales growth.
October 31, 2023 | 4:42 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Tesla is facing potential unionization from the UAW. This comes at a time when the company's auto margin is decreasing, which could further impact its financial performance.
The potential unionization could lead to increased labor costs for Tesla, which is already facing a decrease in its auto margin due to price cuts. This could further impact the company's financial performance and potentially its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100