Blacks maintain solely four% of their management roles within the US, based on Tesla
© Reuters. FILE PHOTO: The Tesla logo is seen on a car in Tesla's showroom in Manhattan's Meatpacking District in New York
(Reuters) – Black employees make up only 4% of Tesla (NASDAQ 🙂 Inc's American leadership positions and 10% of the country's total workforce, the electric car maker announced in its first US diversity report.
According to the report, women make up 17% of the company's U.S. executive positions – directors and vice presidents – and 21% of the total workforce. The numbers for Asians, Blacks, and Hispanics combined are 33% and 60%, respectively.
However, the automaker found that leadership roles were a "very small cohort" or less than 0.4% of its workforce.
Elon Musk's Tesla, whose meteoric rise made it the most valuable auto company in the world and valued at about $ 550 billion, recognized the lack of representation.
"We know our numbers don't represent the deep talent pools of Black and African American talent that exist at all levels in the US – from high school seniors to professionals," the report on the impact of diversity, equity and inclusion reads 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 that we still have a lot to do in this area," he added.
Tesla, based in Palo Alto, Calif., Said it plans to increase representation of all underrepresented groups over the next year and will be recruiting at historically black colleges and universities.
Nasdaq Inc. on Tuesday filed a proposal with the US Securities and Exchange Commission that if approved, all Nasdaq-listed companies must adopt new board diversity rules.
The rules would require most companies to have at least two different directors or publicly state why they don't, including one who identifies themselves as female and one who identifies as either an underrepresented minority or LGBTQ +.
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