UAW strike not biggest problem for Ford, GM, Barron’s says

A strike is only the most immediate issue facing the two biggest U.S. auto makers. The existential threat posed by electric vehicles is the bigger problem, Al Root writes in this weekend’s edition of Barron’s. EVs are finally taking off in the U.S., but EV-related losses are growing for Ford Motor (F) and General Motors (GM). Now, the companies have some hard decisions to make about how they will spend billions of dollars, decisions sure to have serious consequences for their stocks, the author says. The problem is, most of the rewards are flowing to just one company, Tesla (TSLA). Despite big pushes by a raft of rivals, Elon Musk’s pioneering company still accounts for nearly 60% of all EV sales in the U.S., down only slightly from two years ago.