- Swedish union IF Metall has ended its nearly three-year strike against Tesla, effective August 19.
- The union ceased action after Tesla bought out all remaining striking union members, estimated at 80 workers.
- Tesla stock closed 4% higher on Thursday and edged up in after-hours trading following positive news.
Swedish union IF Metall announced it is ending its nearly three-year strike against Tesla in Sweden, with all conflict measures ceasing from August 19. The industrial union stated the action no longer has any effect because Tesla has purchased the exits of every striking IF Metall member—an estimated 80 workers. This dispute began on October 27, 2023, when Tesla mechanics walked out demanding a collective bargaining agreement. The company maintained that its own pay and benefits already met or exceeded Swedish standards and exercised its legal right not to enter such deals. The strike became the longest industrial conflict in modern Swedish history, lasting 1,021 days and drawing sympathy actions from other unions in the region. IF Metall contract secretary Simon Petersson said “Tesla is so strongly opposed to collective agreements that they would rather buy out employees who are union members than give them secure conditions.” Despite the prolonged action, the strike had limited visible effect on sales for much of its duration, with Tesla’s Model Y being Sweden’s best-selling car in both 2023 and 2024. Registrations then fell sharply to 7,252 in 2025—a drop of roughly 67%—widely attributed to broader European backlash against Elon Musk’s political activities. Tesla stock closed 4% higher on Thursday and edged up further 1% after-hours after famed investor Michael Burry covered his short position in Tesla and the company won a necessary permit to operate a few of its autonomous vehicles in Nevada. On Stocktwits, retail sentiment around TSLA stock shifted from ‘bearish’ to ‘neutral’ over the past 24 hours, while message volume remained ‘low.’ TSLA stock has fallen 24% year-to-date.
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