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Tesla says Black people hold just 4% of its U.S. leadership roles

Stock MarketsDec 05, 2020 08:02AM ET
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2/2 © Reuters. FILE PHOTO: The Tesla logo is seen on a car at Tesla's showroom in Manhattan's Meatpacking District in New York 2/2

(Reuters) - Black employees make up just 4% of Tesla (NASDAQ:TSLA) Inc's American leadership roles and 10% of its total workforce in the country, the electric carmaker has disclosed in its first U.S. diversity report.

Women comprise 17% of the company's U.S. leadership roles - directors and vice presidents - and 21% of the overall workforce, according to the report. The figures for Asian, Black and Hispanic people combined are 33% and 60%.

The carmaker noted, though, that leadership roles were a "very small cohort", or less than 0.4%, of its workforce.

Elon Musk's Tesla, whose meteoric rise has seen it become the most valuable auto company in the world and worth about $550 billion, acknowledged the lack of representation.

"We know that our numbers do not represent the deep talent pools of Black and African American talent that exist in the U.S at every level – from high-school graduates to professionals," it said in the Diversity, Equity and Inclusion Impact Report https://www.tesla.com/sites/default/files/downloads/2020-DEI-impact-report.pdf 2020 published on Friday.

"While women are historically underrepresented in the tech and automotive industries, we recognize we have work to do in this area," it added.

Tesla, based in Palo Alto, California, said it planned to increase representation of all under-represented groups next year and would be recruiting at historically Black colleges and universities.

Nasdaq Inc filed a proposal with the U.S. Securities and Exchange Commission on Tuesday that, if approved, would require all Nasdaq-listed companies to adopt new rules related to board diversity.

The rules would require most of the companies to have, or publicly explain why they do not have, at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an underrepresented minority or LGBTQ+.

Tesla says Black people hold just 4% of its U.S. leadership roles
 

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Comments (24)
Alan Rice
Alan Rice Dec 06, 2020 4:45PM ET
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Same as Whites in the NBA ??
Ryan Grandinetti
Ryan Grandinetti Dec 05, 2020 8:59PM ET
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so it's not the best man for the job, it's what color your skin is.. wow laughable backwards politics. I doubt Elon said this just fake news
Anthony Anthony
Anthony Anthony Dec 05, 2020 3:05PM ET
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What's the point? 90% of NBA players are blacks. They make millions.
Nicky Freeman
Nicky Freeman Dec 05, 2020 3:05PM ET
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You’re surely not serious.
jack lu
jack lu Dec 05, 2020 2:34PM ET
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identity politics is going be the downfall of society. you get the job if youre qualified. who gives a *****what color people are
Thomas Dyer
Thomas Dyer Dec 05, 2020 1:40PM ET
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Maybe Tesla should give them all free dealerships if they are so concerned.
Jo Jo
Jolteon Dec 05, 2020 12:08PM ET
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Who cares
Carlos GA
Carlos GA Dec 05, 2020 11:51AM ET
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Victimized and lazy population is a good symptom to take government benefits...
Harry Wilson
Harry Wilson Dec 05, 2020 11:43AM ET
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nothing speaks good management better than choosing employees based on skin color
Fah QQQ
Fah QQQ Dec 05, 2020 11:41AM ET
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Let me get this straight...putting a few minorities on the board will satisfy the requirements for listing? Can you say "token"? LOL. Instead of hiring the most qualified, companies now have to be the most diversified.
Glenn Martin
Glenn Martin Dec 05, 2020 11:32AM ET
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And with 15% of the population of America being black, duh?... what’s the big deal?!! Another media plot to incite prejudice issues!
Whaling Trawler
Whaling Trawler Dec 05, 2020 11:30AM ET
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I identify as someone who thinks Teslas are ugly.
par gki
par gki Dec 05, 2020 11:17AM ET
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I demand tesla to hire more ppl who identify as horses and dogs as well
Dümaine Hinds
Dümaine Hinds Dec 05, 2020 10:46AM ET
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i just want to own the shares 🙄
Chad Ploof
Chad Ploof Dec 05, 2020 10:21AM ET
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I guess if you are not black or a woman don’t bother appling for job with Tesla. You wont qualify!!!
Takara Dread
Takara Dread Dec 05, 2020 10:21AM ET
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No! Only you shouldnt apply bc clearly you lack comprehension.
Johnny Ancich
Johnny Ancich Dec 05, 2020 9:54AM ET
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Nothing more than a leftist quota system.
Richie Berg
Richie Berg Dec 05, 2020 9:36AM ET
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Women are only 21% of their work force.? Tesla can increase it profitability by firing all the men and hiring only women that make less than men.
Tina Chapple
Tina Chapple Dec 05, 2020 8:55AM ET
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why they gotta be black??? watch how you word things these days tesla? just sayin
Carlos GA
Carlos GA Dec 05, 2020 8:52AM ET
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They need to more, very productive ppl...
Mojo Snake
Mojo Snake Dec 05, 2020 8:51AM ET
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How many gender binary?
Carlos GA
Carlos GA Dec 05, 2020 8:51AM ET
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423
Дмитрий Сильвестров
Дмитрий Сильвестров Dec 05, 2020 6:14AM ET
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It looks like communism
Yoyogi Shark
Yoyogi Shark Dec 05, 2020 6:10AM ET
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They should hire genius Serbs only. They comprise a 100% of Tesla's brand and therefore should be a 100% of their workforce.
Thomas Anderson
ThomasAnderson Dec 05, 2020 6:09AM ET
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Here come the hit job on the stock price for the month of December
Krasimir Balakov
Krasimir Balakov Dec 05, 2020 6:03AM ET
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they should hire more eskimos
Elisha Arbaiza
Elisha Arbaiza Dec 05, 2020 5:37AM ET
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Bruh
 
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