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Topline A 2018 tweet made by Tesla CEO Elon Musk suggesting workers would lose stock options if they formed a union was ruled as protected speech Friday, preventing Musk from having to follow a prior court order commanding him to delete the controversial post. Key Facts Get Forbes Breaking News Text Alerts : We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here.
Forbes Valuation We estimate Musk’s net worth at $274.7 billion , making him the world’s wealthiest person. Key Background Musk’s tweet was part of a larger thread in which the tech billionaire criticized the United Auto Workers, which represents more than 400,000 members.
Musk said the labor union “did nada” for job security during the last recession and accused it of taking away benefits from unionized workers when asked if he was threatening to pull benefits from Tesla workers who wanted to unionize. Musk and the UAW clashed just two months ago when the labor union filed labor charges against him and former President Donald Trump for comments they made during an interview together. The UAW argued both men were advocating “for the illegal firing of striking workers.
” Further Reading X Workers Reportedly Must Prove They Deserve Their Stock—Elon Musk’s Various Employee Policies, Explained (Forbes) Auto Workers Union Files Labor Charges Against Trump And Musk After X Interview (Forbes).
