Barclays: Tesla wages to rise due to UAW strike

According to teslarati, senior automotive analyst Dan Levy of Barclays Bank (one of the largest commercial banks in the UK) predicted on CNBC’s The Exchange program that Affected by the ongoing UAW (United Auto Workers) strike, Tesla employees' wages may rise .

This site has noticed that one of the UAW’s demands is to increase employee wages.Old automakers such as Ford and General Motors have requested The hourly wage paid to employees already exceeds Tesla. Analysts say the estimated profit impact of the Detroit Three's production losses on each automaker is about $40 million-$60 million per week. However, that number is likely to rebound when the strike ends.

However, the ongoing strike will affect the labor costs of U.S. automakers, so Levy said that he believed Tesla may also increase employee wages, although he also acknowledged that Tesla is providing stock to employees The strategy was very successful.

Musk said Tesla’s compensation plan has turned many employees into millionaires over the years. He also warned that the UAW's demands may put the Detroit Three in danger of bankruptcy

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