Near the end of 2023, trade union IF Metall announced that it was expelling some members who refused to participate in the organization’s ongoing actions against Tesla. One of these expelled members, who currently works as a mechanic for Tesla Sweden, recently shared his thoughts about the conflict between his employer and the union. The Tesla mechanic’s comments offer a fresh view of the conflict, and they highlight the potential toll of IF Metall’s escalating efforts against the EV maker.
In a conversation with Dagens Arbete (DA), the Tesla Sweden employee, who wished to remain anonymous, stated that worker conditions in the electric vehicle maker are good. The mechanic also noted that he has not felt much change in Tesla Sweden’s operations despite the different sympathy strikes that have been implemented by IF Metall’s allies against the electric car maker. Moreover, the mechanic shared the reason why he refused to strike against his employer.
“The main reason is that I care about the environment and enjoy my job. And I care a lot about our customers too. I want customers to feel safe choosing Tesla,” the former IF Metall member noted.
That being said, the Tesla Sweden mechanic admitted that his biggest stressor right now is the “harassment” from the union. When asked by the publication about his contacts with IF Metall, the expelled member noted that he had received messages and calls that sounded threatening. The mechanic admitted that he actually is quite afraid of the union.
“So you know, I’m terrified of IF Metall. They try to make it difficult for you, provoke, as it were, so that you feel that it is difficult to be at work. They have called and sent messages and they have really tried to explain what the strike means and why I should join, before I was then excluded. And it sounded threatening actually. They have said that I will never be able to work in a union shop in the future and no unions will represent me in the future. That’s how I understood it. That they will gang up against me,” the Tesla Sweden mechanic said.
??”I’m afraid of the Union, I enjoy my job. No one asked me how I felt, what I wanted, the union just runs its own race.”
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In a unique measure, IF Metall just before Christmas excluded a number of members who continued to work at Tesla, despite the strike. Now one of the… pic.twitter.com/1OCzkIOohQ— Nicklas ???T???♻️? (@NicklasNilsso14) January 11, 2024
Overall, however, the expelled IF Metall member noted that he is quite happy that he is no longer a member of the trade union since now he can “avoid the monthly fee.” When asked about what he thinks of his exclusion, the Tesla Sweden mechanic clarified that “no one asked me how I felt, what I wanted” and that “the union just runs its own race.” He also shared how his view of the union has changed over the years.
“When I joined, I was new to the industry, and it was obvious that you should join. Then, when I got older, I realized that the membership was just an expensive subscription to a magazine,” the former IF Metall member said.
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IF Metall’s union secretary Martin Gunnarsson was asked by DA about the former member’s comments. Gunnarsson noted that it is unfortunate that someone feels afraid of the trade union, though the organization has made efforts to get ahold of all its members to inform them about the strikes against Tesla. “If this person has experienced fear, it is, of course, unfortunate; a person experiences what he experiences. But we have tried to get hold of them in order to reason. It has been necessary to find out how certain things work,” the union official said.
When asked about the notion of IF Metall members who do not wish to join the strike against Tesla, the union secretary noted that such employees are probably being pressured. “I am convinced that there was a lot of pressure on everyone. Those who have gone on strike and those who are inside and working, members or not. But it is not possible to make that type of judgment; we have handled it on the basis that you have been disloyal to the statutes,” Gunnarsson said.
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Investor's Corner
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX revealed a new Nvidia satellite partnership, then Musk pledged an exclusive Nvidia hardware commitment.
SpaceX and Nvidia are now working together on the hardware that will power Musk’s orbital data center ambitions. SpaceX announced on X on Tuesday that it is partnering with Nvidia to design the compute payload for Starmind AI1, the first satellite in a planned constellation built to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to the post, which included renderings of the payload design.
The announcement landed hours before SpaceX’s first earnings call as a public company, where Musk went further, saying the company has committed to building its AI infrastructure exclusively on Nvidia hardware. “We think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk told investors on the call,. “So we’re exclusive to Nvidia.”
Musk said SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale system, codenamed Kyber, both on the ground and in space. He set a target of 2 gigawatts of compute capacity online by the end of this year, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX’s newest Starmind will make earth data centers obsolete
Starmind has been in development since Musk confirmed the name in June, following an xAI trademark filing that tipped off the project before SpaceX made it official. The idea is massive in scope and instead of moving data down to ground based servers, satellites equipped with onboard processors and large solar arrays would compute AI workloads in orbit and beam results back to Earth. SpaceX has already filed with the FCC for a constellation of up to one million satellites to support the effort, citing constant solar power and the absence of zoning restrictions as advantages over terrestrial data centers.
The Nvidia exclusivity marks a shift in tone from just two weeks ago, when Musk was busy knocking down a report that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling it fake news at the time. The dollar figure in that rumor may have been wrong, but the underlying direction seems correct. SpaceX’s AI division already leases Colossus compute capacity to Anthropic and Google, and Tuesday’s earnings report showed AI revenue climbing sharply as those deals ramp up.
Nvidia shares rose roughly 3% in Tuesday trading on the news, while SpaceX stock climbed nearly 9% during the day before giving back gains after hours as investors digested the earnings report’s capital spending figures.
SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX reports beat in first earnings while minimizing losses
