Morning Brew Daily Tesla Builds Cheapest Model Ever & Are Unions Dying?
10 snips
Jan 25, 2024 Tesla is bracing for a slowdown in the EV market while gearing up to launch its most affordable model yet in 2025. The United Auto Workers union is making waves with a significant boost for President Biden. Meanwhile, a parental leave controversy with Kyte Baby raises eyebrows about U.S. family leave policies. In other news, In-N-Out closes its first location as Saudi Arabia opens its first liquor store. Plus, Chipotle is ramping up its guac game just in time for burrito season!
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Tesla's Slowing Growth
- Tesla faces slower growth in 2024 due to Cybertruck production costs and AI investments.
- Price cuts and increased competition also impacted profitability, despite record Q4 deliveries.
Biden's Union Endorsement
- President Biden received an endorsement from the United Auto Workers (UAW) union for his reelection.
- This endorsement followed Biden's historic visit to a UAW picket line, showcasing his support for unions.
Union Membership Paradox
- Union membership is declining, even though the number of union workers is increasing.
- Public support for unions is at a record high, creating a complex dynamic.