General Motors (GM) and the United Auto Workers (UAW) union have reached a tentative agreement, ending a six-week strike that has cost the automaker billions of dollars in lost production.
The deal, which must still be ratified by UAW members, is the final one to be reached between the union and the Detroit Big Three. Ford and Stellantis reached tentative agreements with the UAW recently, with the former securing a tentative agreement on Friday and the latter following on Saturday.
Citing sources reportedly familiar with the matter, CNBC noted that the talks between the UAW and General Motors occurred last night into the early morning of Monday. Spokespersons from GM and the UAW have yet to issue comments about the matter, however.
While the full details of GM’s deal with the UAW have not yet been shared, the publication’s sources noted that the veteran automaker’s offer matches those of Ford and Stellantis.’ A 25% wage increase for GM workers was reportedly patterned after Ford’s initial deal with the union.
The union has stated that Ford and Stellantis’ deals include raises and benefits that cumulatively boost workers’ top wage to over $40 an hour. A reduction of the eight-year path to top wages to three years, and the right to strike over plant closures, were also included.
More importantly, the deals also reinstated cost-of-living adjustments, a key factor that had been a pain point for union members prior to the recent strike.
The UAW adopted a more confrontational approach to the negotiations with the Detroit Big Three this year, breaking from previous strategies that involved the union bargaining with each automaker individually. This time around, the UAW initiated negotiations with all three automakers at once. Protests and strikes were also initiated against all three automakers as well.
The UAW’s strike against the Detroit Big Three has cost automakers heavily, and it will result in more operating costs for Ford, GM, and Stellantis down the road. Deustche Bank estimated that the overall cost increase of Ford’s UAW agreement would be around $6.2 billion over the deal’s term. The bank also estimated that GM would see an overall cost increase of $7.2 billion, and Stellantis would see an overall cost increase of $6.4 billion.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
The 2025 Tesla Annual Shareholder Meeting from Gigafactory Texas is set to kick off at 4 p.m. EDT, 3 p.m. CDT.
The company will be having its typical presentation for the event, where CEO Elon Musk, along with other executives will discuss things like future products, the outlook of its self-driving development, potential releases for next year, and some current events within the company.
However, this year’s Shareholder Meeting has slightly more implications than others, as Investors and Shareholders have spent the last several months petitioning and supporting one of the proposals on the docket that could be the deciding factor in Musk staying or leaving Tesla.
Elon Musk’s new pay plan ties trillionaire status to Tesla’s $8.5 trillion valuation
Proposal four outlines a new compensation package for Musk that could give him $1 trillion in shares if he is able to complete a variety of lofty goals related to production, self-driving, and other important company projects.
Musk has said that he is truly after more influence on company decisions, especially as the Tesla Optimus program is ramping up and becoming a more relevant part of the company’s story.
The CEO said during the Q3 Earnings Call that he would not feel comfortable developing an “army of robots” if he did not have a comfortable amount of influence in some of the decisions. He could be voted our or out-influenced by what he calls “activist shareholders.”
One of those investors came after his past pay package, which was approved by shareholders not once, but twice. Musk still was not able to obtain the pay because of a Delaware Chancery Court ruling.
Nevertheless, this is one of the last ditch efforts Tesla is making to get Musk the compensation that he wants.
The meeting is set to kick off at 3 p.m. local time in Austin. You can watch it via the livestream on X:
Here is the link to Tesla’s 2025 Annual Shareholder Meeting:https://t.co/29dN4gkMWY
— TESLARATI (@Teslarati) November 6, 2025
News
Tesla Cybercab sightings on public roads are becoming more frequent
After it was unveiled a year ago by Tesla, the company has made some pretty drastic jumps in progress in terms of the Cybercab, but a recent development has truly pushed fans of the company to think it is probably going to be available soon.
Tesla Cybercab sightings on public roads are becoming much more frequent, and they all are pointing to one thing: imminent production.
The Tesla Cybercab is the company’s vehicle developed for fully autonomous travel, as it will be manufactured without a steering wheel or pedals, according to CEO Elon Musk.
Tesla Robotaxi Cybercab: Seats, price, special features, release date, and more
After it was unveiled a year ago by Tesla, the company has made some pretty drastic jumps in progress in terms of the Cybercab, but a recent development has truly pushed fans of the company to think it is probably going to be available soon.
Last week, we reported on the first Cybercab sighting when the vehicle was finally being tested on public roads. The spotting was not a one-time deal, as we are now seeing many more sightings on public roads:
Saw it the other day pic.twitter.com/uv0geR6GIh
— Shareef Mahmoud (@saltyyshareef) November 6, 2025
The first spotting was in Palo Alto, just a few blocks from Tesla’s Engineering Headquarters in Los Altos. This second sighting appears to be relatively close to that first spotting, and it seems unlikely Tesla would be putting it on roads much further than that.
The public on-road testing of the Cybercab marks a major milestone in the entire project for Tesla. These early sightings and testing phases are usually followed by a lot of speculation about when the vehicle could end up in the hands of customers.
However, Tesla has already put a definitive date on when Cybercab production will begin, as Elon Musk said during the Q3 Earnings Call that it would roll off production lines in Q2 of next year.
But the speculation regarding the Cybercab is slightly different than other vehicles because Tesla has been developing it for fully autonomous travel; it’s not meant to be driven by humans but instead by software and the company’s Full Self-Driving suite.
Despite the vehicle being spotted with a steering wheel and pedals in the recent sightings, Musk has maintained that the Cybercab will not be developed with typical controls for a human. He recently confirmed this, and it does not seem the company is willing to veer too much from its plans for an autonomous car.
News
Tesla Model Y Performance is rapidly moving toward customer deliveries
New drone images from noted drone operator and Gigafactory Texas observer Joe Tegtmeyer show Tesla is moving forward quickly in terms of its progress in producing the new Model Y Performance.
Tesla has rapidly progressed in the production of its most anticipated Model Y trim level: the Model Y Performance.
New drone images from noted drone operator and Gigafactory Texas observer Joe Tegtmeyer show Tesla is moving forward quickly in terms of its progress in producing the new Model Y Performance.
The vehicle is being spotted more frequently at the factory located just outside of Austin, with what appears to be the first units rolling out to outbound lots:
In case you missed the news, Giga Texas has begun Model Y Performance production. Now all variants of the Model Y (except the China-only YL) are built in Texas. pic.twitter.com/AOOB9jtLwN
— Joe Tegtmeyer 🚀 🤠🛸😎 (@JoeTegtmeyer) November 6, 2025
In the United States, Tesla unveiled the Model Y Performance on September 30, the newest iteration of the fastest trim level of the best-selling car in the world for the past two years. It was launched on the very last day of the $7,500 electric vehicle tax credit in the United States.
It featured a handful of performance improvements, including a 0-60 MPH acceleration rate of 3.3 seconds, a trim from the 3.5 seconds the 2025 version offered.
Additionally, the range has gone from 277 miles to 308 miles, a notable improvement in terms of how far it can travel on a charge.
There are also a handful of hardware changes that Tesla made to improve its aerodynamic performance, which all likely can be attributed to the boost in speed and acceleration, as well as range.
The vehicle was initially launched in Europe, which was not surprising, especially as Tesla was testing the new Performance trim at the famed Nurburgring in Germany.
Deliveries are currently slated for late November, but some orders are getting projections of mid-December for their Model Y Performance, which would help Tesla bolster its end-of-year delivery figures and follow up on an extremely bullish finish to Q3, which was the company’s strongest performance in history.
Tesla 2025 Annual Shareholder Meeting: How to watch
Tesla Cybercab sightings on public roads are becoming more frequent
Tesla Model Y Performance is rapidly moving toward customer deliveries
-
News1 week agoTesla Cybercab spotted testing on public roads for the first time
-
Elon Musk6 days agoNeuralink’s first patient could receive an upgrade: Elon Musk
-
News2 weeks agoTesla ‘Mad Max’ gets its first bit of regulatory attention
-
News2 weeks agoTesla reveals its plans for Hardware 3 owners who are eager for updates
-
News1 day agoTesla Giga Berlin hits a sustainability milestone that’s so impressive, it sounds fake
-
News7 days ago
Neuralink’s first human patient reflects on 21 months with brain implant “Eve”
-
News2 weeks agoTesla VP explains why end-to-end AI is the future of self-driving
-
News6 days agoTesla Cybercab almost looks production ready in new photos