Tesla (TSLA) shares tumbled during intraday trading Thursday after reports that the electric vehicle pioneer would increase wages amid a wave of automaker pay raises following the United Auto Workers (UAW) union's eff🐽orts to organize non-union employees.

Flyers posted at a California Tesla facility said that U.S. production workers were to receive a "market adjustment pay increase” in the new year, according to a report by Bloomberg on Thursday.

The UAW reached 澳洲幸运5官方开奖结果体彩网:agreements with the 澳洲幸运5官方开奖结果体彩网:Big Three automakers—Ford (F), General Motors (GM), and Stellantis (STLA)—in November of 2023, after a historic 澳洲幸运5官方开奖结果体彩网:six-week-long strike. The agreements included a 25% incre🐬ase in wages.

Following the deal between the UAW and the Big Three, the union launched a campaign to organize non-u𒊎nion workers at other automakers, in♔cluding Tesla.

Since then, 澳洲幸运5官方开奖结果体彩网:some automakers increased employees' wages, which could stave off union organization action. Hyundai said that it would start raising pay for workers in 2024 so that hourly wages would increase by 25% by 2028. Volkswagen also offered an 11% raise to some of its production workers.

Tesla itself reportedly 澳洲幸运5官方开奖结果体彩网:announced plans to raise the hourly pay for some workers at its Nevada battery factory by 1✨0𝔉% or more starting in January.

The pressure for the EV maker to unionize extends beyond the U.S. as workers in Sweden, Denmark, Finland, and Norway 澳洲幸运5官方开奖结果体彩网:went on strike in late 2023.

The unions face an uphill battle in organizing Tesla workers especially as the company's chief executive officer, Elon Musk, has been vocal in his firm anti-union stance.

Tesla shares were down 3.4% in early afternoon trading Thursday. The stock has gained 83% over the past year.