'This Is Insane:' Tesla CEO Elon Musk Outraged As Swedish Workers' Strike Threatens New Vehicle Deliveries
Portfolio Pulse from Anan Ashraf
A workers' strike in Sweden is disrupting Tesla Inc's (NASDAQ:TSLA) new vehicle deliveries due to a halt in the receipt of license plates. The strike, initiated by IF Metall union for collective bargaining agreements, has escalated with other unions joining in, affecting various services for Tesla. CEO Elon Musk expressed his frustration, calling the situation 'insane.' Despite the strike, Tesla reports over 90% of employees are still working. Tesla has been operating in Sweden since 2013, and the Model Y is the best-selling car model in the country this year.
November 23, 2023 | 9:46 am
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Tesla Inc faces delivery disruptions in Sweden due to a workers' strike that prevents the company from receiving license plates for new vehicles. The strike, which includes various unions, could impact Tesla's operations and vehicle deliveries in the Swedish market.
The strike directly affects Tesla's ability to deliver new vehicles in Sweden, which could lead to a negative short-term impact on the company's stock price due to potential disruptions in revenue and operations in the Swedish market. The situation is exacerbated by the fact that the Model Y is the best-selling car model in Sweden, indicating a significant market presence.
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RELEVANCE 90