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Fortune

Christiaan Hetzner

Elon Musk warns UAW demands will put Detroit's Big Three on the "fast lane" to bankruptcy

Elon Musk UAW Tesla Inc. Shawn Fain Detroit United States Ford United Auto Workers Chrysler GM

The UAW has gone on strike for 40% higher pay. (Credit: PATRICK T. FALLON—AFP via Getty Images)

Tesla CEO Elon Musk warned Detroit’s Big Three that giving into the United Auto Workers' demands could put them in the fast lane to corporate failure.

Should UAW boss Shawn Fain prevail with his wish list, Musk said, the added costs would make their cars “unaffordable,” rendering the trio unable to compete and eventually forcing them out of business as rivals.

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