Why Tesla autoworkers need the UAW

[Richard]

210.6 billion dollars. That’s like, "let’s build an ark" kind of money, lol.

When you look at the titians of industry,that’s in line with what they made,and paid no taxes.Because taxes had not been established yet.

That kind of money could have bought him a majority stake in the City of Detroit at the bankruptcy prices.

JP Morgan back in the day funded a bailout for the entire country and those guys had so much cash they funded the rebuilding of Germany so they could wage war WW2.

Berkshire has the safety net fund for Florida in case of a major hurricane,like a $50 billion dollar line of credit.

But most of Musks net worth etc. is paper money,Tesla failed to meet market projections and they lost $73 billion in market share in one day.

The old school guys had that wealth in cash.

[canuck]

JP Morgan didn’t have much to pay for if you mean WWI, since Germany had hardly a scratch in that war compared to France, Belgium, etc…
Germany then had massive reparations to pay for following the Treaty of Versailles which eventually led to Hitler and WWII.

[Richard]

JP Morgan didn’t have much to pay for if you mean WWI, since Germany had hardly a scratch in that war compared to France, Belgium, etc…
Germany then had massive reparations to pay for following the Treaty of Versailles which eventually led to Hitler and WWII.

According to the Wiggin Report [[Annex V), Germany's short-term bank credits obtained from the United States were $498,000,000 on March 31, 1931

That was in 1931 dollars,remember at the time the U.S. was in a depression,if you look at after the stock market crash,there was more money to be made while funding Germany which by default pulled the money out of the U.S. and caused the depression and led to WW2.

I think it was more about intent then money,before the stock market crash,House wives were raiding the cookie jar to buy stocks driving the price up,the monied figured they had no business playing stocks and decided to teach them a lesson.

We saw it again in the housing market crash 2008 after everybody and their mothers brother became house flippers that had no business flipping houses,they needed to be taught a lesson also.

But it is no different then Tesla,it’s not real wealth,it’s on paper,just numbers being moved on a screen and you see it,one bad 1/4 and their stock is devalued by billions.

Thats like when employees say,as a company you made billions this year,so you can afford to pay me more,they did not make billions as in cash piled up in the back room,it was paper numbers,profit is not extra cash you put in your pocket,it’s extra money that you can invest in research and development,money towards re-tooling etc so you can continue to operate and compete.

They say 54% of the labor force in the City of Detroit is actually companies with 1 employee,as a rule you can actually make more per year working for a company and less hours.

Thats where it becomes complicated,is the union losing membership because they are the union, or is it because across the board the workforce is shifting to a more self employed- contractor based force.

Whrn you look at Uber etc,there are alot out there that are self employed contractors that work for companies but not employed by them,so they are
considered still in the “workforce” as available employees.

It’s moving numbers around on spreadsheets.

Why would Tesla unionize,robots build the cars,the designers and engineers are not employees,they sub contract from home,so in that senário who is left to unionize?

A couple of robot fixers ?

They can build a robot- that fixes robots.

They say technology will make out lives easier,it will,you can buy a robot and send it to work for you,unless somebody unionizes the robots,you do not actually have to pay them or provide them with healthcare and the check is automatically deposited in your account.

They can even have robots using their best Indian accent calling you about your extended robot warranty.

It’s a brilliant plan if you really think about it.

Thats how you save the planet get rid of the humans,without them nobody will know it needs to be saved in the first place.

[canuck]

I wouldn’t speculate about Tesla’s overvaluation vs undervaluation. Given that a lot of State/Provincial/National governments have pushed the agenda and brought a positive bias towards EVs, the paper value has obviously boomed. But to be fair, Tesla is not a cybercurrency, even if Musk has dabbled and promoted these. Tesla manufactures and delivers a highly desirable product for a growing portion of comsumers in NA and Europe, the stock value reflects that reality, too.

[Wesley Mouch]

Good luck with that. Musk has been anti-union for as long as I can remember.

I think is better said that Musk is 'pro-disruption'. Unions are 'anti-disruption'. The two do not mix well.

[Gistok]

For those doubtful, Lego has been working this way for a few decades now. A few workers load plastic pellets in one end of the factory, a few workers load pallets of finished toys into trucks on the other end, and a dozen maintenance workers oversee the robots in the middle. Robots handle absolutely everything - warehouse operations, parts management, QA, packaging, etc...

Not sure where you got that bit of misinformation? LEGO moved their North American production of parts to Monterrey Mexico about 25 years ago [[from Enfield Connecticut). From there the parts are shipped back to Enfield for packaging and distribution.

The Monterrey Mexico plant, which does have massive amounts of automation, announced in 2022 that they are expanding operations, which at that point numbered over 5,000 employees.

[Henry Whalley]

Not sure where you got that bit of misinformation?

Maybe Mexicans only count as 1/500th of a person?

[Henry Whalley]

Judge voids Elon Musk's 'unfathomable' $56 billion Tesla pay package

Tesla worker killed in fiery crash may be first ‘Full Self-Driving’ fatality [[yahoo.com)