Barclays analyst Dan Levy said Tesla workers' wages would probably rise if the UAW strikes a deal with Ford, General Motors, and Stellantis.
The ongoing UAW strike against the Detroit Three may impact Tesla workers' wages as well, according to Barclays senior autos analyst Dan Levy.'s"The Exchange" , Levy said Tesla workers' wages would probably increase if the UAW strike ends with an agreement on increasing worker pay at Ford, General Motors, and Stellantis., so if the UAW's demands on higher pay are met, Ford and GM's pay gap with Tesla will widen.
"We think their costs will increase. This is naturally going to happen, not only across Tesla but probably also across the trans plant OEMs. I think this is naturally the case. Can they unionize? We've noted in the past that it's been a tougher effort by the UAW, and that in part has been because Tesla has benefitted from paying its employees with stock comp," Levy said.
Does he believe that a pay rise for Tesla workers would have the same effect on his company? We can't say, but it's hard to think of a scenario where Musk would face demands for a 40-percent pay rise for Tesla workers like the UAW is currently asking from the Detroit Three. Tesla remains the only major American automaker not represented by a union in the US, and Musk's negative opinion toward unionized labor in relation to Tesla is well documented.
The United Auto Workers and Workers United trade unions have sought to unionize Tesla's workers in California and New York, respectively, but Elon Musk has thwarted all attempts so far.
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