The managing director of Roth Capital Partners explains why Tesla stock continues to drop in “The Claman Countdown.”
Tesla filed a report with the SEC on Monday that revealed that the Equal Employment Opportunity Commission (EEOC) issued a ruling against company This is similar to a civil complaint filed by the state of California alleging that the electric car giant has cultivated a culture of discrimination in the workplace.
Tesla will now begin its mandatory conciliation process with the federal agency, which enforces civil rights laws in the workplace.
A Tesla car drives past the company’s plant in Fremont, California, on May 11, 2020. (Reuters/Stephen Lamm/Reuters Photo)
In February, the California Department of Fair Employment and Housing (DFEH) Complaint against Tesla He claims “systematic racial discrimination, a hostile work environment, and claims for equal pay.”
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The California agency claimed that Tesla dismissed black workers to the “lowest levels of the workforce” and ignored complaints about the “near-continuous use of racial insults” in the workplace.
A Tesla charging station in a Tesla showroom features the manufacturer’s logo. (Christophe Gatto/Image Alliance via Getty Images/Getty Images)
Tesla said in Monday’s filing that the finding of the EEOC case “closely parallels” what was filed by California’s DFEH.
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Judge rejects Tesla’s request to stay In the case of California Last month. The next session on the strike motion is scheduled for August 24.
Tesla did not respond to a request for comment on Monday.
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