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Tesla Sweden workers may be fine now, but not as good as they would be with a union: IF Metall
Amidst the ongoing conflict between Tesla Sweden and trade union IF Metall, the electric vehicle maker’s employees are expressing their overall sentiments through an old-fashioned but effective strategy. As noted by Swedish newspaper Jönköpings-Posten (JP), some employees at Tesla’s facility in Hedentorp have placed a fairly large banner on a fence highlighting a simple but direct message — they are fine.
IF Metall’s protests against Tesla Sweden were triggered by the electric vehicle maker’s lack of a collective agreement. The trade union has argued that it would be able to fight for Tesla employees if the company had an agreement. Tesla Sweden, for its part, has argued that its workers are already compensated better than if they were unionized.
These sentiments seem to be the focus of the banner being used by Tesla Sweden’s employees. The banner, which features a cartoon version of the meme hedgehog used by Tesla in its vehicle ordering process, featured the words “Tack, det är bra,” which generally translates to “Thanks, it is good.” Through the banner, it appears that Tesla employees are highlighting the idea that they do not need a collective agreement at all.
Kängan i Tesla-strejken – banderoll protesterar mot konflikten
Allt som skrivs om Teslastrejken är inte ensidigt vinklat utifrån vad facket påstår – och ibland svarar Tesla faktiskt på frågor från media. Jönköpings-Posten har varit på besök utanför Teslas anläggning i Hedentorp,…— Anders Nyman (@Knytanders) January 21, 2024
In a comment to JP, Maria Lantz, communications manager at Tesla Sweden, noted that the banner was the idea of Tesla employees themselves, and it could be seen as a declaration of loyalty to the electric vehicle maker. She also reiterated the idea that over 90% of Tesla Sweden’s employees are not participating in IF Metall’s protests.
“The banner is also used during the conflict in other parts of the country. The employees took the initiative, and they also have similar vests. It’s completely driven by the employees at Tesla,” she said.
IF Metall Ombudsman Dan Axelsson, for his part, noted that he is skeptical about the idea that the banner was the idea of Tesla Sweden workers. Axelsson argued that he has different information, though he did not provide further details.
“If that’s true, the employees are fine, but not as good as they would be with a collective agreement,” he said.
Union strike guard Elin Mainhed also argued that the union is doing its protests for the sake of Tesla Sweden’s employees. “The employees may think that we should not remain here. But we feel that they may not understand the whole thing. We do not know what is said at their meetings, what information they receive from the employer. We do this for their sake, for their safety. Collective agreements are just a floor,” Mainhed stated.
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News
Tesla announces massive new achievement with 8 million cars produced
Tesla’s 8 millionth car comes just 8 months after it built its 7 millionth car.

Tesla announced a massive new achievement in relation to its automotive division as it has officially built 8 million cars globally.
The 8 millionth car rolled off production lines at Gigafactory Berlin on Friday, the company announced. The car was an Ultra Red Model Y, images show:
Produced our 8 millionth vehicle at Giga Berlin pic.twitter.com/gv1moWhwTH
— Tesla (@Tesla) June 6, 2025
The car comes just about eight months after Tesla built its 7 millionth car at the Fremont Factory last October, a major accomplishment considering the claims of a lack of demand from the media.
Additionally, Tesla was able to achieve this major threshold with a stoppage in production at each of its four production facilities earlier this year. The manufacturing halt was attributed to a production line changeover for the new Model Y crossover.
The car has been the best-selling vehicle in the world for two consecutive years, and the company pausing production for two weeks, yet still managed to produce one million cars in eight months is impressive.
Tesla currently only produces the Model Y at Gigafactory Berlin, but the car is also manufactured at Gigafactory Shanghai, Gigafactory Texas, and the Fremont Factory.
It is the only model to be produced at all four of Tesla’s global manufacturing plants, which span across three different continents.
Elon Musk
Elon Musk and Donald Trump to speak with each other Friday: report
White House aides have scheduled a call between the CEO and U.S. President on Friday.

Elon Musk and Donald Trump’s feud seems to be thawing, at least to some degree.
As per a recent Politico report, White House aides have scheduled a call between the CEO and U.S. President on Friday.
Musk vs. Trump
Musk turned into a staunch critic of Trump amidst the administration’s efforts to pass the “Big Beautiful Bill,” which the CEO claimed would add trillions to the country’s deficit. Trump, for his part, claimed that Musk turned on him due to the adverse effects of the proposed bill on his companies.
The spat between the two powerful men became so notable that Musk called for the impeachment of Trump on X. He also claimed that Trump was in the Epstein list. The U.S. President, for his part, threatened to cancel billions of dollars worth of government contracts with Musk’s companies such as SpaceX.
Potential Truce
As per Politico, however, White House aides have stepped in to temper the tensions and broker peace between the two powerful men. When asked by the outlet about his ongoing feud with the CEO, Trump reportedly stated that “it’s okay” and that “it’s going very well, never done better.” The U.S. President also highlighted his favorability ratings, stating that his “numbers are through the roof.”
While the CEO was very aggressive against Trump in his X posts, he did back down somewhat after some time. When hedge fund manager Bill Ackman argued that Trump and Musk should make peace for the benefit of the United States, the CEO responded with, “You’re not wrong.” Musk also walked back on his decision to decommission SpaceX’s Dragon spacecraft, which is essential to NASA’s operations.
Investor's Corner
Goldman Sachs reduces Tesla price target to $285
Despite Goldman Sach’s NASDAQ: TSLA price cut to $285, Tesla boasts $95.7B in revenue & nearly $1T market cap.

Goldman Sachs analysts cut Tesla’s price target to $285 from $295, maintaining a Neutral rating.
The adjustment reflects weaker sales performance across key markets, with Tesla shares trading at $284.70, down nearly 18% in the past week. The analysts pointed to declining sales data in the United States, Europe, and China as the primary driver for the revised outlook. In the U.S., Tesla’s quarter-to-date deliveries through May fell mid-teens year-over-year, according to Wards and Motor Intelligence.
In Europe, April registrations plummeted 50% year-over-year, with May showing a mid-20% decline, per industry data. Meanwhile, the China Passenger Car Association (CPCA) reported a 20% year-over-year drop in May, despite a 5.5% sequential increase from April. Consumer surveys from HundredX and Morning Consult also shaped Goldman Sachs’ lowered delivery and EPS forecasts.
Goldman Sachs now projects Tesla’s second-quarter deliveries to range between 335,000 and 395,000 vehicles, with a base case of 365,000, down from a prior estimate of 410,000 and below the Visible Alpha Consensus of 417,000. Despite these headwinds, Tesla’s financials remain strong, with $95.7 billion in trailing twelve-month revenue and a $917 billion market capitalization.
Regionally, Tesla’s challenges are stark. In Germany, the German road traffic agency KBA reported Tesla’s May sales dropped 36.2% year-over-year, despite a 44.9% surge in overall electric vehicle registrations. Tesla’s sales fell 29% last month in Spain, according to the ANFAC industry group. These declines highlight shifting consumer preferences amid growing competition.
On a positive note, Tesla is making strategic moves. The Model 3 and Model Y are part of a Chinese government campaign to boost rural sales, potentially mitigating losses. Piper Sandler analysts reiterated an Overweight rating, emphasizing Tesla’s supply chain strategy.
Alexander Potter stated, “Thanks to vertical integration, Tesla is the only car company that is trying to source batteries, at scale, without relying on China.”
As Tesla navigates these delivery challenges, its focus on innovation and supply chain resilience could help it maintain its edge in the electric vehicle market despite short-term hurdles.
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