JPMorgan has increased its estimates on how much the United Auto Workers strike will cost Ford (F) and General Motors (GM) per day as the strike continues. The firm has also estimated that the strike already cost both companies over $500 million each.
In addition, EV maker Tesla (TSLA) is facing pressure from increased competition and unenthusiastic consumers. A poll from Yahoo Finance shows 57% of respondents claim they’re unlikely to purchase an EV as their next car. AutoBlog Editor-in-Chief Greg Migliore joins the Live show to break down the details of the ongoing strike and the challenges that Tesla faces.
Migliore expresses his optimism for Tesla: “”As you take like a longer look, though, Tesla stock is still up about $50 from last year, and it’s more than doubled from that low point that kind of hit in January. I think they’re going to have an okay, performance here for the third quarter earnings.””
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#tesla #UAW #yahoofinance
How is Tesla under pressure? lol
The two events mentioned in the title are not related at all.
@Basement Bereanit’s a clickbait for more views…stupid trick but working….lol
How about “Tesla moves to seize market share as UAW destroys big three automakers. “
Or if the auto workers get what they want then tesla workers will unionize.
@Danny Given the perks that Tesla workers get, I wouldn’t hold my breath waiting for them to unionize.
@Basement Berean what perks? Union workers already get better pay and benefits. Look it up.
@Danny You are as capable of looking up “Tesla assembly workers’ benefits” as I am.
@DannySoooo if that were the case, then why are they striking?? Last i heard, their pay was $17-$24.00 an hour. And you think that’s sufficient given today’s current economic climate??
How fast UAW can get their breadwinners bankruptcies?
UAW will be losers if gm & FUD motor goes Bankrupt.
What about Dealerships!!!
Dealerships =stealerships
Tesla margins under pressure as its competitors goes bankrupt? 😂
the more cars Tesla sells, the more cars Tesla sells.
Is Yahoo Finance an arm of Woke mind virus? Always framing Tesla and Elon in shade even tho Tesla is destroying GM and Ford. …
Yahoo Finance always downplaying the failures of GM and Ford… even tho GM and Ford survive only on taxpayer funding handed out by their buddy Biden.
oh wait, GM and Ford spend Billions on Woke media advertising…. Woke media trumpets the govt narrative…. carry on.
These people still don’t understand it’s about volume, not margins? Would you rather sell 20 million cars at 5% margins or 2 million cars at 20% margins. This is a no brainer then again you would need to have a brain. Keep in mind the more cars they sell the more FSD they can sell and scale full self driving.
Legacy auto cant ramp Production to save them from Bankruptcy
Remember, TESLA does much more besides just make cars.
Tesla Energy will be bigger than Tesla Auto after year 2030 ‼️
Tesla bot is a$10 Trillion oppotunity.
Ceos keep loosing the company’s $
because , gm has “plans” ……lol.
This title makes no sense at all
its Telsla not Tezzla
Teszla
No, it’s Telesela.
“Tesla dominates ev market as legacy auto’s death spiral continues.”
THIS
The strikes that are hampering Tesla’s competitors are bad for Tesla? Do these journos even care about knowing what they’re talking about?
no, they are Russian bots.
NO – This is NOT accurate. Tesla’s margins are NOT under pressure. Tesla has giant margins and pricing power – and DYNAMICALLY adjust prices to clear inventory. With an AVERAGE inventory of 16 days Vs. legacy auto at about 70 days. Legacy are UNDER PRESSURE from UAW, from Tesla prices, from Chinese competitors prices and HIGH cost structure/COGS that will not go down – but for ALL good EV companies producing at SCALE (20,000.00 AND MORE/MONTH) will see REDUCED COGS.
PLEASE STOP LYING. Lowered prices is NOT = LOWER Margins, since you DO NOT KNOW THE OTHER SIDE OF THE EQUATIONS (LOWER COGS) , so please REPORT FACTUALLY. FACTS MATTERS.
“The competition for Tesla is getting tougher!!” Ok show us that competition : ) Clearly competitors entering the EV market reduces the Tesla EV market share but the EV slice is GROWING exponentially…..
Competition, who ?
Where is the EVs from Ford and GM? Please tell us. 😂
That argument makes sense in USA the world of “TRUTH” and “free of GREED” only! Lol
These experts dont know what they are talking about and have not done price calculations or listened to what automakers are saying.
Right now the cost of car has automatically increased by thousands of dollars because of the Fed increasing the interest rates. Tesla is offsetting this by decreasing the purchase price by the same, they have said so in their earnings calls many times. The payment per month matters more than the purchase price because of the high interest rates. It is hard to explain this and not suave than just saying “competition is coming!”
Ford and GM are in a tough spot because they have to increase the purchase price to recoup this strike cost but they can’t because of the high interest rates and Tesla decreasing their prices. They are getting squeezed from both sides.
Lower prices bc no one wants them……even with a tax credit….DERP…..Another OBAMA failure ….Tesla doing decent bc investors on Wall street….not investors who like the the next inventions ….entire Tesla auto line is a scam
Ford will probably not survive this strike if it lasts much longer.
What we DO know about Cybertruck, 2m pre orders!! Even if only 80% of these turn into sales, go do the maths
Meanwhile , gm & FUD is cutting Production of EV trucks…….lol.
LoL, what a stupid headline!
Tesla for the win !
Just knowing Melon Husk is losing it is very worth it. This strike makes good troll.
Yahoo – NO pressure , TESLA will SELL every Vehicle it makes for DECADES.
Tesla has industry-leading margins and Yahoo Finance acts like they are in trouble.