Tesla, Inc. (TSLA.US) angrily criticizes Swedish labor union: Car owners waiting in long lines to charge their vehicles in the winter are all due to strikes.

Global electric vehicle leader Tesla, Inc. (TSLA.US) blamed the chaos at a supercharging station in Sweden on ongoing local labor union strikes, according to media reports. The management team of Tesla, Inc. accused a supercharging station in Sweden of causing a line of electric vehicles stretching up to a mile long during a busy holiday weekend, and emphasized that the local union organization was to blame. According to local media reports, the Swedish town of Malmo, located near several popular ski resorts in the country, was the first to be affected by the "Tesia, Inc. supercharging station queue storm" in Sweden on Sunday. Over 150 Tesla, Inc. owners had to queue in the freezing cold of minus 20 degrees Celsius (minus 4 degrees Fahrenheit) to charge their electric vehicles. Max de Zeig, head of Tesla, Inc.'s charging network, made an official response to the queue phenomenon, stating in a post that Swedish union members had been on strike for 14 months because Tesla, Inc. refused to negotiate collective wage agreements with its factory workers. The Swedish Tesla, Inc. workers who had signed union agreements had initiated a long strike. "If it weren't for the long strike by Swedish workers, over 100 supercharging stations in Sweden could have been vibrant and provided a powerful supercharging network for Tesla, Inc. owners in this cold winter," de Zeig from Tesla, Inc. wrote in a post on X. "Tesla, Inc. supercharging stations are crucial electric vehicle infrastructure, especially during peak travel times in such harsh seasonal weather." Since October 2023, Tesla, Inc. has faced collective union strikes protests from over a dozen union organizations in the Nordic region. Over the past year, strikes have repeatedly disrupted unloading at Swedish docks, truck deliveries, mail services, garbage collection, and the handling of electric vehicles at the country's ports. In this high-welfare country where over 90% of workers have union agreements, there is currently little evidence to suggest that either side will back down. When media reporters contacted Tesla, Inc.'s representatives in Sweden, the representative declined to comment. Since President Trump's victory in November, Tesla, Inc.'s stock price has risen by as much as 70%. Looking at the full year data, Tesla, Inc. delivered a total of 1.79 million vehicles in 2024, a 1.1% decrease compared to the previous year, lower than the 1.806 million vehicles predicted by 19 analysts surveyed by LSEG. This also marked the first time in Tesla, Inc.'s delivery history that there has been a year-on-year decrease in delivery volume. However, Tesla, Inc.'s cumulative sales in the Chinese market in 2024 increased by 8.8%, setting a new sales record of over 657,000 vehicles in the competitive Chinese market. In recent years, the significant reduction in electric vehicle subsidies in Europe, sustained high inflation in the United States, and the market shift towards lower-priced hybrid and traditional fuel vehicles under the pressure of high interest rates, as well as the intense competition from new global electric vehicle players, have all greatly weighed on Tesla, Inc.'s global delivery volume. In terms of delivery volume expectations, despite failing to meet market expectations in 2024, the Wedbush analyst team led by senior analyst Dan Ives is confident in Tesla, Inc.'s ability to increase delivery volume growth in 2025. Wedbush expects Tesla, Inc.'s target delivery volume growth rate to be 20%-30% in 2025. In addition, the institution expects Tesla, Inc. to launch a lower-priced electric vehicle model early in 2025, which could potentially be a catalyst for increasing Tesla, Inc.'s overall electric vehicle delivery volume.