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

Published 12/05/2020, 05:07 AM
Updated 12/05/2020, 08:02 AM
© Reuters. FILE PHOTO: The Tesla logo is seen on a car at Tesla's showroom in Manhattan's Meatpacking District in New York

(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.

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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+.

Latest comments

Same as Whites in the NBA ??
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
What's the point? 90% of NBA players are blacks. They make millions.
You’re surely not serious.
identity politics is going be the downfall of society. you get the job if youre qualified. who gives a *****what color people are
Maybe Tesla should give them all free dealerships if they are so concerned.
Who cares
Victimized and lazy population is a good symptom to take government benefits...
nothing speaks good management better than choosing employees based on skin color
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.
And with 15% of the population of America being black, duh?... what’s the big deal?!! Another media plot to incite prejudice issues!
I demand tesla to hire more ppl who identify as horses and dogs as well
i just want to own the shares 🙄
I guess if you are not black or a woman don’t bother appling for job with Tesla. You wont qualify!!!
No! Only you shouldnt apply bc clearly you lack comprehension.
Nothing more than a leftist quota system.
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.
why they gotta be black??? watch how you word things these days tesla? just sayin
They need to more, very productive ppl...
How many gender binary?
423
It looks like communism
They should hire genius Serbs only. They comprise a 100% of Tesla's brand and therefore should be a 100% of their workforce.
Here come the hit job on the stock price for the month of December
they should hire more eskimos
Bruh
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