Tesla ( (TSLA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Tesla is facing industrial relations challenges at its Giga Berlin factory, where tensions have arisen over employee bonuses, gifts, and even the color of health bar packaging. The IG Metall union is pushing for bonuses for all employees, not just those with perfect attendance, and is dissatisfied with the red Tesla socks given to workers. This dispute highlights the ongoing labor issues Tesla faces, which have previously led to the blacklisting of its stock by Swedish pension fund AP7 due to labor rights violations.
In a more positive development, Tesla’s stock has been upgraded by analyst Ben Kallo from Robert W. Baird, who raised the price target significantly, citing Tesla’s leadership in AI and autonomous driving as key factors for long-term growth. Kallo also pointed to CEO Elon Musk’s new $1 trillion pay package as a strategic move to align leadership goals. Despite some analysts maintaining a hold rating, Tesla’s stock has shown resilience, gaining 3.2% this year, with potential catalysts including new robot models and expansion into global markets.