Tesla is the real reason Ford, GM, and Stellantis execs don't want to meet the UAW union's strike demands.
The labor cost gap between the Detroit 3 and Tesla is already staggering. Tesla spends about $45 an hour on labor , while Ford, GM, and Stellantis are currently spending about $66 an hour on their labor, according to industry analysts.
If the UAW gets its way on pay increases and things like reviving pensions, Wells Fargo has estimated that the Detroit 3's hourly labor costs could more than double to $136 an hour.
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