Tesla Inc.'s EV moat could get wider as Ford, GM and Stellantis face labor strife.
A United Auto Workers strike, if one is called, would come at a time when the Big Three U.S. automakers are struggling with the transition to electric vehicles — and Tesla Inc. is emerging as a potential beneficiary of the labor strife.
Tesla TSLA, +1.78% has for years fended off unionizing efforts at its U.S. factories, which has helped it widen the first-mover advantage that it has enjoyed on EVs, and it is likely to emerge as “the winner from the labor talks,” Gene Munster, a managing partner at Deepwater Asset Management, said in a note Thursday.
But even before any wage increases resulting from the potential strike, the Big Three are paying their workers 38% more than comparable Tesla workers, and that gap is likely to increase, Munster said.
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