tl;dr
Tesla's upcoming raise in hourly wages for workers at its Nevada gigafactory signals a potential strategic move to combat union support, according to CNBC. The reported salary increase from $20 to $22 per hour for low-end workers and from $30.65 to $34.50 per hour for high-end employees reflects the...
Tesla's upcoming raise in hourly wages for workers at its Nevada gigafactory signals a potential strategic move to combat union support, according to CNBC. The reported salary increase from $20 to $22 per hour for low-end workers and from $30.65 to $34.50 per hour for high-end employees reflects the company's efforts to manage labor relations while maintaining a firm stance against unionization. This development comes amidst a broader context of labor disputes in the automotive industry, with the UAW's plans to organize workers at Tesla, Toyota, and other major automakers. Additionally, Tesla, Inc.'s stock performance, despite a year-to-date surge of 133%, experienced a slight decline of -0.5% to $250.94 per share after-hours on Monday, adding a layer of financial market impact to the ongoing labor-related developments. Outside the U.S., Tesla faces similar labor disputes with unions in Sweden, Finland, Norway, and Denmark, indicating the widespread nature of these issues.
More about Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market and 23% of the battery-electric market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020. The company's stock performance has shown a positive trend, with a current stock price of $205.13. However, the Relative Strength Index (RSI) is at -0.442, indicating a potential oversold condition. The market sentiment for Tesla Inc. is bullish, with strong sales performance and a leading position in the electric car market. However, potential risks and uncertainties include the highly competitive industry, regulatory challenges, and potential supply chain disruptions.
More about Toyota Motor Corporation ADR
Toyota Motor Corporation ADR is a leading manufacturer and seller of passenger cars, minivans, and commercial vehicles, with a market capitalization of 414.27 billion. The stock is currently trading at 189.11 and has shown a 1-year return of 1.979%. The company operates in the manufacturing sector, specifically in the motor vehicles and passenger car bodies industry. The stock has a relative strength index (RSI) of 65, indicating a slightly overbought condition. The stock price is currently trading above its 20-day and 50-day moving averages, suggesting a bullish trend. However, the stock is approaching its resistance level at 190, which could lead to a potential pullback. Overall, market sentiment towards Toyota Motor Corporation ADR is positive, but there are potential risks associated with the stock reaching its resistance level and the uncertainty of future market conditions.
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This is not financial advice. Please do your own research before investing in any asset.