NEW YORK (AP) — Tesla workers at a factory in New York are launching a campaign to organize a union in New York.
In a letter to management Tuesday, the Tesla Workers United organizing committee said that the employees are seeking a voice on the job at the plant in Buffalo and want to “build an even more collaborative environment that will strengthen the company.”
Tesla CEO Elon Musk has taken a hard line against organized labor, despite an invitation to the United Auto Workers union to hold an organizing vote at Tesla’s factory in Fremont, California. In 2021 Tesla was ordered by the National Labor Relations Board to make Musk delete a 2018 tweet in which it said that he unlawfully threatened employees with loss of stock options if they chose to be represented by the UAW.
The tweet had said: "“Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues and give up stock options for nothing? Our safety record is 2X better than when plant was UAW & everybody already gets healthcare.”
In August 2022 the National Labor Relations Board reversed a Trump-era decision by finding that Tesla can’t stop factory employees from wearing clothing with union insignia while on the job. It ordered Tesla to stop enforcing an “overly broad” uniform policy that effectively stops production workers at Tesla’s Fremont, California, factory from wearing black shirts with the United Auto Workers union’s logo.
Tesla labor organizers wrote Tuesday that they are seeking a union as innovative as the electric car company.
“We believe that by having a union at Tesla, we will further the mission of sustainability and foster a progressive environment for us all,” the letter said.
It went on to say, in a story first reported by Bloomberg, that the union would further Tesla’s principles and objectives, including by helping to serve as the conscience of the organization.
If successful, it would be the first union at the electric vehicle maker.
The Tesla plant, which makes solar panels and other renewable energy technology, is not far away from a Starbucks location where workers voted to unionize last year.
Before you consider Tesla, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.
While Tesla currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report
ShotSpotter, Inc. (NASDAQ:SSTI - Get Rating) - Equities research analysts at Northland Capmk issued their Q1 2023 earnings estimates for shares of ShotSpotter in a report released on Thursday, February 23rd. Northland Capmk analyst M. Latimore anticipates that the company will post earnings per share of ($0.03) for the quarter. Alliancebernstein L.P. acquired a new stake in shares of ShotSpotter during the 4th quarter worth approximately $220,000. CI Private Wealth LLC acquired a new stake in shares of ShotSpotter during the 4th quarter worth approximately $254,000. Mainsail Management Company LLC acquired a new stake in shares of ShotSpotter during the 4th quarter worth approximately $3,787,000.1 month ago MarketBeat
ShotSpotter, Inc. (NASDAQ:SSTI - Get Rating) - Investment analysts at William Blair lifted their Q4 2023 earnings estimates for shares of ShotSpotter in a research report issued on Wednesday, February 22nd. William Blair also issued estimates for ShotSpotter's Q1 2024 earnings at $0.10 EPS, Q2 2024 earnings at $0.10 EPS, Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.11 EPS and FY2024 earnings at $0.42 EPS. Robert W. Baird dropped their price objective on shares of ShotSpotter from $50.00 to $45.00 in a report on Thursday, November 10th. ShotSpotter Stock PerformanceNASDAQ:SSTI opened at $33.84 on Friday. While ShotSpotter currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.1 month ago MarketBeat
New York State Common Retirement Fund owned 0.14% of Enovix worth $4,063,000 as of its most recent SEC filing. Quantbot Technologies LP acquired a new stake in shares of Enovix during the 2nd quarter valued at $26,000. Emerald Advisers LLC acquired a new stake in shares of Enovix during the 3rd quarter valued at $62,000. Ensign Peak Advisors Inc acquired a new stake in shares of Enovix during the 1st quarter valued at $67,000. Insider Transactions at EnovixIn other news, CTO Ashok Lahiri sold 2,000 shares of Enovix stock in a transaction dated Tuesday, January 3rd.1 month ago MarketBeat
The firm bought 58,252 shares of the company's stock, valued at approximately $1,673,000. Federated Hermes Inc. now owns 1,260,000 shares of the company's stock valued at $33,907,000 after purchasing an additional 110,000 shares during the last quarter. Vanguard Group Inc. now owns 540,826 shares of the company's stock valued at $14,992,000 after buying an additional 43,758 shares in the last quarter. EVR Research LP now owns 340,000 shares of the company's stock valued at $9,425,000 after buying an additional 160,000 shares during the last quarter. State Street Corp now owns 169,310 shares of the company's stock worth $4,693,000 after acquiring an additional 3,040 shares in the last quarter.1 month ago MarketBeat
AXT (NASDAQ:AXTI - Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, February 16th. AXT Stock Down 1.4 %Shares of AXT stock opened at $6.34 on Thursday. Jane Street Group LLC purchased a new stake in AXT in the 3rd quarter worth about $93,000. AXT Company ProfileAXT, Inc engages in the design, development, manufacture and distribution of compound and single element semiconductor substrates. While AXT currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.1 month ago MarketBeat
Royce & Associates LP boosted its stake in shares of Enovix Co. (NASDAQ:ENVX - Get Rating) by 20.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,000 shares of the company's stock after purchasing an additional 16,000 shares during the period. Royce & Associates LP owned about 0.06% of Enovix worth $1,760,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 55.62% of the company's stock. Following the completion of the transaction, the insider now directly owns 899,565 shares of the company's stock, valued at $16,686,930.75.2 months ago MarketBeat
Stephens Inc. AR bought a new position in shares of Enovix Co. (NASDAQ:ENVX - Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,555 shares of the company's stock, valued at approximately $487,000. SG Americas Securities LLC acquired a new stake in Enovix in the third quarter valued at $383,000. Enovix Stock Up 3.0 %NASDAQ:ENVX opened at $7.96 on Monday. Over the last three months, insiders have sold 41,000 shares of company stock valued at $740,870.2 months ago MarketBeat