Elon Musk and Tesla loom over Detroit's auto labor talks
Looking forward, Detroit Three executives say new contracts with themust allow them to be"competitive" as their U.S. operations shift to building EVs, which are money-losers for the legacy automakers now.
UAW President Shawn Fain, in a statement on Wednesday, put his own interpretation on the term"competitive." The automakers do not detail the hours of labor that go in to building their vehicles — and those figures vary based on the different levels of vertical integration. Hourly labor costs are just a slice of Tesla's overall superiority in EV profitability, an edge it is using to cut prices and gain share in the EV market. , Optimus, doing useful work in factories next year is the least of Detroit's problems.
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