CNBC discusses the ongoing United Auto Workers strike and its impact on the auto industry, particularly in relation to the rising popularity of electric vehicles. The article notes that Tesla's lack of unions plays to their advantage in this situation, as they are able to cut labor costs and produce electric vehicles more efficiently. The article also touches on the Biden administration's involvement in the negotiations and the potential impact of emerging emissions standards on the profitability of the "Big Three" automakers.
1. Ford's plans on eliminating or reducing labor unions is shifting day by day.
2. Tim Higgins from The Wall Street Journal says Elon Musk has already won regardless of the strike's outcome.
3. Tesla's estimated labor cost per hour is lower than UAW workers at Detroit automakers.
4. Tesla is working to cut manufacturing costs by 50% for the next generation vehicle.
5. Biden administration is worried about workers losing out due to the push towards electrification of automobiles.
6. Automakers are opposed to the 32-hour workweek proposal by the UAW.
7. Tesla employees, including those on the factory floor, have been largely compensated with stock options.
8. Biden administration is cracking down on industrial emissions, including emission standards and a transition to EVs.