Tesla Inc., the electric car maker, has released its first US Diversity Report. According to it, Black employees make up only 4% of its leadership roles. They form 10% of the total workforce in the country.
According to the report 17% of the company’s US leadership roles – directors and vice presidents – are women. The total number of women employees in Tesla is 21% of the overall workforce. The numbers for Asian, Black and Hispanic people combined are 33% and 60%.
Elon Musk’s Tesla, currently a company worth $550 billion acknowledged the lack of representation and diversity in its workforce.
“We know that our numbers do not represent the deep 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 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 that it planned to increase representations of all the under-represented groups in the next year. It also said that it would begin recruiting at traditionally Black colleges and universities.
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.