MCViewPoint

The big US automakers cannot turn a profit on EVs anytime soon. So guess what.

• The UAW will seek handouts that it gets, not Tesla. 
• Look for Biden to accuse Tesla of dumping cars because it now makes a profit and the big automakers can’t. 
• Look for Biden to force unionization on Tesla.

https://mishtalk.com/economics/hoot-of-the-day-the-uaw-demands-a-just-transition-to-electric-vehicles

MISH

Massive subsidies and other goodies in the Inflation Reduction Act are not enough to satisfy the United Auto Workers union. 

The UAW now seeks a “Just Transition” to EVs. Their new concern is a “race to the bottom” started by Elon Musk.

Question of the Day

How can car manufacturers make money as Tesla cuts prices and the White House and unions demand higher output and wages?

Please consider Elon Musk Squeezes His Electric-Vehicle Competitors

See the rest here

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