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3F trade union on sympathy strike against Tesla invests in TSLA: report
Just a few days ago, one of Denmark’s largest unions, 3F, announced that it would be initiating a sympathy strike against Tesla over the electric vehicle maker’s lack of a collective agreement in Sweden. Tesla and union IF Metall have been clashing for several weeks now, and neither side seems ready to back down.
Jan Villadsen, head of 3F Transport, had some strong words to say against Tesla and its CEO, Elon Musk. “Even if you are one of the richest people in the world, you can’t just make your own rules. We have some agreements on the labor market in the Nordics, and you have to comply with them if you want to do business here,” Villadsen said in a comment to the Financial Times.
In a recent report, Frihedsbrevet (The Freedom Letter) revealed that while 3F is taking a strong public stance against Tesla, the union actually holds a pretty substantial stake in the electric vehicle maker through PensionDanmark, its pension company. The publication noted that to date, 3F holds about DKK 400 million ($57.8 million) worth of TSLA shares.
Despite the electric vehicle maker’s stock not seeing a rise as insane as in 2020-2021, where the company’s market cap grew from about $117 billion to over $1 trillion, TSLA shares are still up 94% year-to-date. With this in mind, it would appear that 3F’s pension company has so far made some good money investing in Tesla. Interestingly, when asked by Frihedsbrevet about 3F’s TSLA stake, Villadsen noted that he’s not going to start saying that 3F can’t invest in TSLA anymore.
“Well, Rome wasn’t built in one day. Because we sent a conflict notice today, it’s not like I’m going around the world saying that now they can’t invest in Tesla anymore. You don’t sell shares for hundreds of millions in one fell swoop.
“We also have an obligation to those who have their pension funds here, so it must be done properly. So it’s not something I’m going to call an extraordinary board meeting about, if that’s what you’re asking. But of course it comes up at the board meetings; that’s how it is,” Villadsen said.
Tesla CEO Elon Musk, for his part, has not shown any signs that he is willing to strike a deal with IF Metall in Sweden. In a response to a post on X about the matter, Musk noted that the situation unfolding in Sweden is insane. IF Metall, on the other hand, has been seeing sympathy strikes spreading to several other industries in the country.
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News
Trump’s auto tariffs spark concerns in Japan

Japan expressed concern over President Trump’s auto tariffs, citing inconsistencies with a 2019 bilateral trade deal signed with the U.S.
Prime Minister Shigeru Ishiba said Japan is committed to the 2019 agreement despite current concerns over President Trump’s new tariffs.
Trump’s tariffs impose a 25% duty on imported vehicles, effective April 3, 2025, and auto parts duties will be imposed in May. The 2019 U.S.-Japan trade deal, signed during Trump’s first term, reduced tariffs on U.S. farm goods and Japanese machine tools.
Then-Prime Minister Shinzo Abe secured assurances from Trump, stating, “Between President Trump and I, this has been firmly confirmed that no further, additional tariffs will imposed.”
The 2019 bilateral trade deal did not cover auto trade between the United States and Japan. However, at the time, Prime Minister Abe had received assurances from President Trump that the U.S. would not impose national security tariffs on Japanese car imports. As such, the deal avoided higher U.S. car duties.
According to Reuters, Japan faces Trump’s 24% tariff on its exports to the United States, which were paused until July. Trump’s 25% auto tariff and a 10% universal rate remain intact, impacting Japan’s car-heavy economy.
Ishiba addressed the issue in parliament, noting, “Japan has grave concern over the consistency” between the tariffs and the 2019 bilateral deal. “We will continue to convey our stance (to the U.S.) from this standpoint,” he added, clarifying that Japan has no plans to terminate the agreement. The deal excluded automobile trade and remains a cornerstone of bilateral relations.
Japan’s trade negotiator, Ryosei Akazawa, visited Washington last week to discuss trade issues, including non-tariff barriers and exchange rates. Finance Minister Katsunobu Kato is set to meet U.S. Treasury Secretary Scott Bessent this week to address currency concerns, signaling Japan’s proactive diplomacy.
Japan’s firm stance reflects its intent to protect its auto sector while navigating U.S. trade policies. As talks continue, the outcome could shape bilateral trade dynamics and influence Japan’s export strategy amid ongoing tariff uncertainties.
News
Elon Musk dubs lawsuit alleging false Tesla odometer readings “idiotic”
The lawsuit alleged that Tesla’s odometer readings use “predictive algorithms” instead of actual mileage driven.

Elon Musk has responded sharply to a lawsuit alleging that Tesla speeds up its vehicles’ odometers to avoid paying for warranty-covered repairs.
Musk’s comment about the lawsuit’s allegations were posted on social media platform X.
The Lawsuit’s Allegations
The proposed class-action lawsuit claimed that Tesla is speeding up its vehicles’ odometers so that they can fall out of warranty quicker. This system, the lawsuit alleged, allows Tesla to save a significant amount of money in repairs.
The lawsuit’s plaintiff is Los Angeles resident Nyree Hinton, who alleged that his 2020 Tesla Model Y’s odometer readings reflect energy consumption, driver behavior and “predictive algorithms” instead of actual mileage driven, as noted in a Reuters report.
Hinton claimed that based on other vehicles and driving history, his car was stating that he was driving 72 miles a day when he usually drove just 20 miles at most. Because of this, Hinton alleged that his basic warranty expired well ahead of schedule, resulting in him paying $10,000 for a suspension repair that he believes should have been covered by warranty.
“By tying warranty limits and lease mileage caps to inflated ‘odometer’ readings, Tesla increases repair revenue, reduces warranty obligations, and compels consumers to purchase extended warranties prematurely,” the lawsuit noted.
Elon Musk’s Response
Tesla and its legal team have fully denied all material allegations that were outlined in the proposed class-action lawsuit. In a comment to longtime FSD user @WholeMarsBlog on X, Tesla CEO Elon Musk also criticized the proposed class-action lawsuit. “This is idiotic,” the CEO wrote in a post on X.
Veteran EV owners have also stated on social media that the lawsuit’s claims were inaccurate since Tesla’s odometers do not, in any way, use predictive algorithms. Others also pointed out that repairs are not a major source of profit for Teslas because the company’s vehicles tend to last long without requiring maintenance or spare parts.
News
Bizarre Tesla Cybertruck attacker in South Korea arrested and detained
The man is also accused of assaulting several people and damaging other vehicles during the incident.

A man who attacked a Tesla Cybertruck in South Korea’s Gangnam district has been arrested and detained.
As per reports, the man is also accused of assaulting a person and damaging several other vehicles during the incident.
The Incident
As per authorities, the suspect, who is in his 30s and is dubbed “Mr. A” (suspect names are typically not disclosed in South Korea to protect privacy and prevent possible prejudice), allegedly assaulted a hotel employee on the morning of April 15.
Following the assault on the hotel employee, the suspect reportedly knocked over a delivery motorcycle. He then went over and kicked a Tesla Cybertruck that was owned by a nearby medical facility. One of the all-electric truck’s side mirrors was damaged due to the attack.
As per a News 1 Korea report, Mr. A has also been accused of kicking four BMW vehicles at a nearby auto shop. The BMWs’ passenger side doors were damaged by the suspect.
Charges and Arrest
As per the Seoul Gangnam Police Station in an announcement, an investigation into the incident is underway. The suspect was arrested on charges of special assault, property damage, and obstruction of business.
Authorities apprehended Mr. A in Seongnam, Gyeonggi Province, on April 18. An arrest warrant from the court was released the day after.
Cybertruck Attacks
The Tesla Cybertruck attack in South Korea is quite bizarre as the suspect assaulted both people and vehicles. The incident, if any, seems to be quite different from the attacks on Teslas that have been reported in the United States and Europe, which seemed to be political in nature and a response to CEO Elon Musk’s close relationship with President Donald Trump.
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