UAW Strikes Pushes Tesla (TSLA) Further Ahead

The “Big 3” automakers are already in a difficult situation, notes Anthony Sassine. He talks about how they are experiencing pressure to grow traditional business, shift to E.V, and now have a higher labor cost. He goes over the “Big 3” margins will be pressured further and extend Tesla’s (TSLA) lead. TSLA announced that 5M E.V.s were produced this week, and they are working on initiatives to lower production costs. TSLA is up 115% year-to-date. Anthony also highlights Kraneshares Electric Vehicles and Future Mobility Index ETF which is up 4% year-to-date. Tune in to find out more about the stock market today.