Clearly upset at how negotiations are going, UAW president Shawn Fain posted a profane movie clip. “Tick tock mother******” 
Ford Canada reached an agreement with its union. The detail are still unpublished. UAW president Shawn Fain is not exactly happy with that outcome.
Quick Update
Tensions in UAW Talks Flare
The Wall Street Journal reports Tensions in UAW Talks Flare as Ford Averts Strike in Canada
General Motors President Mark Reuss penned an op-ed in the Detroit Free Press blasting the UAW’s demands as untenable and accusing the union of spreading myths about what the Detroit automakers could afford.
He said the company’s latest offer to the UAW would allow 85% of its unionized workers to earn a base pay of approximately $82,000 a year.
“UAW leadership claims GM pays its team members ‘poverty’ wages,” Reuss wrote. “This is simply not true.”
UAW President Shawn Fain’s usually dormant X account lighted up Tuesday night as the union leader tweeted out a GIF from the movie “The Hitman’s Bodyguard,” which he called a quick bargaining update.
The outspoken Fain also proceeded to engage with critics on X, formerly known as Twitter, saying workers had made sacrifices over the years and deserve a share of the companies’ profits.
Tick Tock
Tick Tock rings both ways. Fain’s Tweet is a sign of some combination of fear, anger, and belligerence.
This could go on for a while.
Elon Musk Taunts the UAW, “Tesla Pays Workers More and We Have Fun”
Elon Musk is the single person enjoying the strike the most.
With perfect timing, Musk made a couple of taunts at striking UAW workers.
On September 16, I commented Elon Musk Taunts the UAW, “Tesla Pays Workers More and We Have Fun”
Actually, Musk does not pay Tesla workers more unless you count stock options that soared.
His goal is obvious. He wants the strike to go on long and for the big three to cave in on UAW demands. Tesla makes a profit on EVs but the big three lose money on them.
Tesla makes a profit because of Biden’s ridiculous energy tax credits.
Also note that Biden’s Inflation Reduction Act, illegal under WTO rules, is enticing foreign manufactures to the US. Those new plants are going to non-union states. The big three will not be able to compete on price and most likely quality.
What is Biden’s way out of this mess he created for himself?
Total UAW Unit Labor Costs vs Tesla
- Big Three: Analysts estimate $66 an hour
- Tesla: Roughly $45 at Tesla
- UAW Demands: Meeting Fain’s initial demands would boost costs to $136 according to Wells Fargo analysts.
Does the UAW United Auto Workers Union Merit a Huge Raise?
Earlier today I asked Does the UAW United Auto Workers Union Merit a Huge Raise?
Regardless of your answer, please recall that GM and Chrysler went bankrupt once already over untenable wages.
Tesla makes a profit because of Biden’s ridiculous energy tax credits.
Also note that Biden’s Inflation Reduction Act, illegal under WTO rules, is enticing foreign manufactures to the US. Those new plants are going to non-union states. The big three will not be able to compete on price and most likely quality.
What is Biden’s way out of this mess he created for himself?
The IRA appears to give considerable leeway to how the taxpayers money is spent. Biden will find a way to massively increase the e-vehicle subsidies to the “Big Three” without increasing the subsidies to Tesla. By-product will be a long wait list for new ICE cars selling at unbelievably high prices, and a glut of heavily discounted EVs in dealers’ show rooms.
How is Biden going to do that? Tesla’s sold in the US are the most american made car.
The more I learn about Fain the less I like him.
I say keep on Faining those Flames of Destruction! Show the Citizens of this Country what these Unions are all about, and it ain’t the Workers. Those would be the “Useful Idiots” that will pay dearly by the time this is over. Hey they voted the Leadership into place, so they get what they deserve in the end.
Kind of sounds like our Political Landscape at this very moment, being stuck in that same sort of quagmire…
Working folks have been getting the shaft for 30 years and nobody seems to care even a little bit. As long as the stocks are flying high and the outsourcing goes into overdrive the stock shills are happy.
My best year was 1997 and it’s it’s been pretty much stuck at that level ever since. Back then I could afford a house and raise a family. No chance for that now, not even close.
As a 2 year experienced tool design engineer I was making $42 an hour in 2023 dollars…….I just saw an ad for that same job in 2023……$25 an hour.
See a problem yet? I’m sure not as long as the cheap Chinese goods flow in ands the stock market soars then all is good.
this is all so pathetic.
He is an unprofessional man-child. For that, the Big Three should declare him persona non grata and refuse to negotiate with the UAW until he resigns.
Trudeau would take exception your first statement.
1) Office buildings in NYC, SF and Houston are in trouble. Commercial RE in
non-union states, mainly in the south, are booming : industrial and multi families.
Regional banks in the south are not equal to the ones in CA.
2) New immigrants are coming to DC, SF and NYC to fill vacant spaces.
NYC mayor might be paying rent for new immigrant housing and brothels.
3) Ford and GM assembly plants are so sophisticated that new immigrants can
replace UAW workers within a short time. 4) ICE engines have 2,000 parts vs 20 in EV, lower labor cost, higher productivity, glued battery and tax credit : Ilan should cut Tesla prices in the US, but he can’t
b/c China is eating Tesla alive ==> CA buyers subsidize Tesla in China.
CA buyers subsidize Tesla in China.
And that will probably last until Chinese EVs can be imported to US.
No matter the outcome, inflation in new auto prices is guaranteed as a result of the strike. Only the highest income quartile can afford new autos. The whole mess has made me decide to hold onto my 2008, 2017, and 2019 autos for many more years.
Should the UAW auto makers earn more at shareholders, and ultimately tax payers expensive; when bankruptcy occurs? I think so. SVB sneezes and depositors are re-capitalized immediately. Tesla benefits at tax payers expense. Why not the UAW.
Nope the same thing should happen to them that should have happened to SVB account holders. They should have been wiped out (other than their fdic insured limits). Your logic is effectively that taxpayers were screwed over to protect one special interest therefore they should be screwed over for a second.
You might as well argue a coed that was raped the football team should be served up to the chess club too based on your own bizarro view of “fairness”
You should have sold your cars. Used car prices were absurdly high. I sold two of my cars for absurdly high prices and used the money to buy 2 new Tesla’s. Tesla prices were headed in the opposite direction of used car prices. And I get a $7500 tax credit for each car.
“Tesla makes a profit on EVs but the big three lose money on them. “
Tesla is profitable because of Biden’s “insane” EV policies Mish.
https://www.tesla.com/support/incentives
On January 1, 2023, the Inflation Reduction Act of 2022 qualified certain electric vehicles (EVs) for a tax credit of up to $7,500. There will likely be reductions to the federal tax credit after December 31, 2023.
Tesla is a socialist company if it needs central planning for profits. Check mate bruh.
Checkmate – on whom?
Yes Biden is stupid. But yes, Tesla is profitable because of it.
The checkmate is on Biden.
biden buying votes. is that stupid? or genius? this is politics. not bean bag. business is politics. politics is business. time to mature kids, and face reality.
Politics is fickle. Today’s enemy is tomorrow’s friend.
I don’t think Tesla is profitable simply because of the IRA. The $7500 credit doesn’t go to Tesla. They make about $2b every quarter and most of it is outside the US, so unless you can show me how the IRA stuffs $2b in Tesla’s pocket every 3 months, I think you’re mistaken.
“I don’t think” – That’s generally the problem here. Opinions without research, analysis, data, or links. Tesla didn’t sell any cars in China until 2020. Before that year California and US tax subsidies for plants, car buyers and others gave it a leg up. And if Tesla is so profitable without tax breaks then why do they exist? Everyone I talk to that has bought an EV did so because of the tax break but feel free to believe whatever you want. You always do.
https://worldpopulationreview.com/country-rankings/tesla-sales-by-country
The nation with the second-most Tesla sales in 2022 is China. This is surprising considering Tesla did not enter the Chinese market—which is far more competitive than the electric vehicle market in the US—until 2020. Tesla sold zero vehicles in China in 2019, 135,449 vehicles in 2020, and 473,103 in 2021. Sales through the first eleven months of 2022 had reached 513,816 vehicles.
And you can google Teslas price cuts in China.
Tesla has slashed car prices in China for the second time in less than three months, in an effort to boost sales amidst slowing demand in the world’s largest car market.
So show me the research that shows the IRA is giving $2b in free money to Tesla every qtr.
How does China have anything to do with this?
For someone who supposedly travels around the world making big investments and has a lot of winning trades, you sure seem to have a lot of time to post on this forum.
The $7500 doesn’t go to Tesla. It goes to the purchasers.
Which benefits Tesla.