UAW President Shawn Fain admits the union’s demands are “ambitious” but he insists they’re justified, given the automakers’ strong profits in recent years. The automakers have balked at most of the union’s demands.
Tesla faces growing electric vehicle competition, and rival automakers are challenging its position as the EV market leader. Tesla gained the crown by beating competitors to market by literally years. But industry analysts believed Tesla would ultimately be bested by legacy automakers that could make much cheaper EVs.
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