Tag TSLA

Earlier today, General Motors (NYSE: GM) delivered some much-needed good news. Although its new labor contracts in North America will be raising costs with consequences of the bitter UAW strike being greater than expected, GM expects to fully offset these hits. GM’s Updates The new labor agreements will result in costs of $9.3 billion, or an average of $575 per vehicle. GM also revealed the cost of the UAW strike added up to $1.1 billion, being the result of lost production of 95,000 vehicles. A...

The EV pioneer has an extravaganza planned for Thursday. It's speeding into GM and Ford territory...

Meme stock GameStop is no exception. Echoing its January 2021 frenzy, the stock soared more than 15% on Wednesday as GameStop trended across social media outlets. Cyber Monday sales are also likely driving interest in electronics retailers' stocks...

Growth stock Li Auto in nearing a buy point as China auto deliveries rebound. Li expects deliveries to continue to grow in the fourth quarter...

The United Auto Workers union said on Wednesday it is launching a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. after winning new contracts with the Detroit Three automakers. The Detroit-based UAW said workers at 13 nonunion automakers were announcing simultaneous campaigns across the country to join the union, including at Tesla, Toyota, Volkswagen, Hyundai, Rivian, Nissan, BMW and Mercedes-Benz. Those automakers employ nearly 150,000 workers at their U.S. assembly plants, about the same number as those employed by the Detroit Three companies with which the UAW just signed new labor agreements, the union said...

The United Auto Workers formally launched one of the largest organizing drives in its history with campaigns at 13 automakers, in an effort to leverage record gains from its recent labor deals in Detroit. The UAW plans to target nearly 150,000 workers at U.S. factories owned by large foreign automakers including Toyota Motor and Volkswagen as well as newer electric-vehicle manufacturers such as Tesla and Rivian Automotive, the union said Wednesday. The UAW now represents about 145,000 workers at Ford Motor General Motors and Chrysler-parent Stellantis The widespread organizing campaigns are a bid to significantly add to its ranks for the first time in decades and rebuild the union’s clout in the auto industry, after company downsizing and outsourcing reduced its U.S. footprint...

The United Auto Workers union said on Wednesday it is launching a first-of-its-kind push to publicly organize the entire nonunion auto sector after winning new contracts with the Detroit Three automakers. The Detroit-based UAW said workers at 13 nonunion automakers were announcing simultaneous campaigns across the country to join the union, including at Tesla, Toyota, Volkswagen, Hyundai, Rivian, Nissan, BMW and Mercedes-Benz. Those automakers employ nearly 150,000 workers at their U.S. assembly plants, about the same number as those employed by the Detroit Three companies with which the UAW just signed new labor agreements, the union said...

WASHINGTON (Reuters) -The United Auto Workers union said on Wednesday it is launching a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. after winning new contracts with the Detroit Three automakers. The Detroit-based UAW said workers at 13 nonunion automakers were announcing simultaneous campaigns across the country to join the union, including at Tesla, Toyota, Volkswagen, Hyundai, Rivian, Nissan, BMW and Mercedes-Benz. Those automakers employ nearly 150,000 workers at their U.S. assembly plants, about the same number as those employed by the Detroit Three companies with which the UAW just signed new labor agreements, the union said...

The benefits from being the new exciting kid on the block only lasts for so long, and electric vehicle market leader Tesla could use a revamping, according to analysts at RBC Capital. Tesla is slow playing the rollout of its newest vehicle. CEO Elon Musk said he wanted to "temper expectations for Cybertruck" during the company's previous earnings call...