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

Stock Markets Dec 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 (23)
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!
 
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