Only 4% Of Tesla American Management Is Black

By Douglas A. McIntyre Published Dec 5, 5:51AM EST

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Only 4% Of Tesla American Management Is Black — © Jag_cz / iStock Editorial via Getty Images

Tesla Inc (NASDAQ: TSLA | TSLA Price Prediction) released its Diversity, Equity and Inclusion Impact. Most of the report was photos which had little to do with the subjects. In relatively small print, Tesla said it does not have a diverse workforce at all.

Some highlights…

Black and African American employees are 10% of our U.S. workforce. This group has experienced a 60% increase in representation in management, representing 4% of our Director level and above employees. Black and African Americans employees comprise 12% of new hires and 10% of promotions respectively – a 9% and 11% increase from 2019.

And,

Hispanic and Latinx employees are 22% of our U.S. workforce, and while they currently represent only 4% of our Director level and above employees, they represent 24% of all promotions this year – reflecting a 14% increase and Tesla’s active efforts at cultivating and developing diverse talent. Additionally, 27% of all new hires in 2020 were Hispanic and Latinx.

And,

Women represent 21% of our overall U.S. workforce and 23% of all promotions – a 5% increase from last year. They represent 17% of our Directors and Vice Presidents. In 2020, nearly 25% of all U.S. hires have been women.

Tech companies in general have poor records with regard to women and people of color in management. Many have hired “diversity officers” which so far does not seem to have changed the problem. Among these same company’s management, there have been comments that there are not enough trained people of color to create a pool for people to move some into management.

In Tesla’s case, the question is, has it even tried?

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.