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

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In this news, we discuss the Tesla says Black people hold just 4% of its U.S. leadership roles.

(Reuters) – Black employees make up just 4% of Tesla Inc’s U.S. leadership positions and 10% of its total workforce in the country, the electric automaker revealed in its first diversity report in the United States.

Women make up 17% of corporate leadership positions in the United States – directors and vice-presidents – and 21% of the overall workforce, according to the report. The combined figures for Asians, Blacks and Hispanics are 33% and 60%.

The automaker noted, however, that leadership roles made up a “very small cohort,” less than 0.4%, of its workforce.

Elon Musk’s Tesla, whose meteoric rise saw it become the world’s most valuable automaker worth around $ 550 billion, acknowledged the lack of representation.

“We know our numbers do not represent the deep talent pools of black and African American talent that exist in the United States at all levels – from high school graduates to professionals,” he said in the report on impact on diversity, equity and inclusion by 2020 released on Friday.

“Although women are historically under-represented in the tech and automotive industries, we recognize that we have work to do in this area,” he added.

Tesla, based in Palo Alto, Calif., Said he plans to increase representation from all under-represented groups next year and will recruit from historically black colleges and universities.

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

The rules would require that most companies have, or publicly explain why they don’t have, at least two diverse directors, including one who identifies as a woman and one who identifies as an under-represented or LGBTQ + minority. .

Reporting by Aakriti Bhalla in Bengaluru; Editing by Pravin Char

Original © Thomson Reuters

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