Tesla (NASDAQ:TSLA):What is Musk Up to Now?
The United Auto Workers union (UAW) has filed a complaint accusing Tesla (NASDAQ:TSLA) CEO Elon Musk of illegally threatening to take away benefits from workers who join the union.
The UAW is seeking to represent workers at Tesla’s facility in Fremont, California filed the complaint with the National Labor Relations Board Wednesday.
Mr. Musk in a tweet on Monday said there was nothing stopping Tesla workers from joining a union, but “why pay union dues & give up stock options for nothing?”
The union says Mr. Musk violated the National Labor Relations Act, which prohibits employers from making threats or promises to workers to discourage them from joining unions.
Tesla in a statement said CEO Musk’s comment simply recognized that other automakers whose workers are represented by the UAW do not provide stock options.
“UAW organizers have consistently dismissed the value of Tesla equity as part of our compensation package,” the company said.
In a separate Tweet, Mr. Musk accused the UAW of driving General Motors and Chrysler to bankruptcy and losing “200,000+ jobs for people they were supposed to protect.” Referring to effects of the crisis in the US auto industry in Y 2008-2010.
UAW President Dennis Williams during a press briefing in Detroit Thursday called Mr. Musk’s comments “ridiculous.”
“I don’t know what the hell Musk is up to,” Williams said. “Sometimes I scratch my head.”
The new complaint is the latest salvo in an ongoing legal battle between Tesla and the UAW, which has accused the company of utilizing a series of unlawful tactics to thwart unionizing.
|NASDAQ:TSLA||277.94||24 May 2018||-1.13||278.4||281.11||274.89||3,999,584|
|HeffX-LTN Analysis for TSLA:||Overall||Short||Intermediate||Long|
|Bearish (-0.43)||Bearish (-0.48)||Bearish (-0.42)||Bearish (-0.39)|
Latest posts by Paul Ebeling (see all)
- S&P 500 Falls 54.79 pts, Breaking 200-Day Moving Average on Tech Selloff - November 12, 2018
- California Wildfires Rage, 31 Known Dead, Over 200 Still Missing and Unaccounted For - November 12, 2018
- Medical Marijuana Update - November 12, 2018