Swedish union IF Metall is escalating its efforts against Tesla in an apparent attempt to push the electric vehicle maker to sign a collective agreement. As per recent reports, IF Metall, as part of its latest efforts against the EV maker, has set its sights on Tesla’s largest manufacturing facility in Europe, Gigafactory Berlin.
The anti-Tesla strike in Sweden has been ongoing for several weeks now, and things have been escalating. But despite sympathy strikes from several groups and IF Metall’s increasingly aggressive efforts, Tesla has remained steadfast in the notion that it will not sign a collective agreement. Tesla Sweden, for its part, has argued that it already offers “equivalent or better agreements than those covered by collective bargaining.”
As part of its latest efforts to push the EV maker to sign a collective agreement, IF Metall has stated that it would aim to stop Gigafactory Berlin. This is because a Swedish company that makes aluminum profiles for the Model Ys produced at Giga Berlin has become involved in a sympathy strike and blockade.
IF Metall strike general Veli-Pekka Säikkälä noted that the goal is to seriously disrupt Tesla’s vehicle production. “There will be serious disruptions in production, and that is of course the aim… Without that detail, you cannot deliver the car. So it is very noticeable,” the union official stated.
As noted in a CarUp report, Hydro Extrusions Vetlanda produces aluminum profiles that are used in Tesla’s vehicles that are produced in Giga Berlin. The profiles are key components for the crash safety of the Model Y, so without them, the production of the all-electric crossover would most likely be halted. Incidentally, the Tesla Model Y also became Sweden’s best-selling car model this year.
“There is a very high risk that there will be serious disruptions in production, and that is, of course, the purpose for us to get Tesla to sign a collective agreement,” Veli-Pekka Säikkälä said.
It remains to be seen how Tesla would respond to the union’s most recent escalation. As per veteran journalist Anders Nyman, however, the union’s efforts against Giga Berlin may end up resulting in Tesla building Model Ys at the facility with aluminum profiles from Giga Shanghai’s supplier/s.
IF Metall varslar om blockad mot tillverkning av aluminiumdetaljer åt Tesla på Hydro Extrusion i Vetlanda, och avtalssekreterare Veli-Pekka Säikkälä gnuggar händerna och säger att utan den detaljen kan Tesla inte leverera sina bilar. Enligt IF Metall är företaget det enda i… pic.twitter.com/tiezL648xY— Anders Nyman (@Knytanders) November 16, 2023
“The same car (Model Y) is manufactured in Tesla’s factory in Shanghai, and there is no indication that the Swedish company is a subcontractor there as well. The result will therefore be that Tesla will instead build the cars in Berlin with Chinese aluminum profiles, and that the aversion to the Swedish unions is cemented. Blackmail is not the right method of doing business with Elon Musk,” Nyman wrote in a post on X.
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Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
