The potential strike by the United Auto Workers (UAW) union, which represents hourly workers at Detroit’s big three automakers, could spell good news for Tesla Inc. (NASDAQ: TSLA), suggests one analyst.
The labor union has been engaged in summer-long negotiations with Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA), the parent company of Jeep, advocating for unprecedented wage increases, the abolition of a tier system, and other benefits.
