Home Global auto news [MDGLOBLE]Tesla strike in Sweden continues, the union condemns Elon Musk

[MDGLOBLE]Tesla strike in Sweden continues, the union condemns Elon Musk2024-04-11 18:05:42

On April 10th, a strike by Tesla mechanics in Sweden, among the country's longest labour disputes, continues to disrupt operations, a union said on Wednesday, and is drawing examination from investors despite Elon Musk saying the storm is over.

Since October last year, Tesla has been under pressure in the Nordic region, with multiple solidarity actions supporting the demand of IF Metal union mechanics in Sweden to sign a collective agreement. Postal workers, garbage collectors, repair centers, and others have all refused to handle Tesla's business, forcing the company to look for alternative ways of operating.

Although Tesla CEO Musk claimed in a recent social media livestream that "this storm is coming to an end," the IF Metal union has made it clear that the dispute with Tesla is still ongoing.

Some funds and other investors have expressed concerns about this matter, and some funds have communicated with Tesla. A fund called the Danish Pension even sold its holdings of Tesla stocks as a result.

According to relevant data, Tesla's overall registration volume in Sweden decreased by about 8% year-on-year in the first three months of this year, which is basically consistent with the market trend. The Tesla Model Y remains the best-selling model in Sweden in the first quarter of 2024.

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