As a sign of increasing labor trouble in Europe for EV major Tesla (NASDAQ: TSLA), Denmark’s 3F labor union has joined in a sympathy strike, indicating its support for the Swedish mechanics striking against Tesla.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
The union will refuse to handle or transport EVs made by Tesla for customers in Sweden. 3F Chair Jan Villadsen said, “Like the companies, the trade union movement is global in the fight to protect workers.”
Since October, Swedish labor groups have been taking industrial action against Tesla, aiming to compel the company to sign collective bargaining agreements with mechanics.
What is the Future Price of Tesla Stock?
Analysts remain sidelined about TSLA stock with a Hold consensus rating based on 14 Buys, 13 Holds, and six Sells. Year-to-date, TSLA has jumped by more than 100%, and the average TSLA price target of $246.93 implies an upside potential of 4.8% at current levels.
