Thursday, February 23, 2017

Elon Musk says he doesn’t think Tesla unionization is “likely to occur” (TSLA)

From TechCrunch:
Tesla CEO Elon Musk addressed on the company’s earnings call on Wednesday alleged efforts on behalf of employees at its Fremont factory to unionize. Musk said he’s going to publish in his own blog post the results of his own investigation into conditions at the factory and employee attitudes toward unionization, but he shared some initial thoughts about his findings.

Musk said he found Tesla’s factory actually half the accident risk when compared to the rest of the automotive industry. He also said that Tesla employees are the highest paid in the industry, when you factor in equity compensation on top of more direct earned revenue.

He added that he believes “there are really only disadvantages to saying that someone wants the UAW here”...MORE
We'll be back with more on the conference call and the market reaction to same but for now thought it worth pointing out this is something occupying space in Mr. Musk's brain.

Live Blog of The Tesla Q4 and Year End 2016 Numbers (TSLA)
"Tesla Fourth Quarter & Full Year 2016 Update" (TSLA)--UPDATED