Tesla Settles Racial Discrimination Lawsuit With Former Employee
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) settled a racial discrimination lawsuit with former employee Owen Diaz, who worked at Tesla's Fremont factory in 2015. The lawsuit, which initially awarded Diaz $137 million, was settled for $3.2 million in April 2023. The settlement occurs amidst criticism of Tesla CEO Elon Musk for handling hate speech on his social media platform X and accusations of antisemitism.
March 16, 2024 | 10:02 am
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Tesla settles a racial discrimination lawsuit for $3.2 million, amidst broader criticism of CEO Elon Musk's handling of social issues.
The settlement of the lawsuit and the surrounding criticism of Elon Musk for handling hate speech and accusations of antisemitism could negatively impact Tesla's stock in the short term. Public perception and investor sentiment may be affected by these controversies, potentially leading to a decrease in stock price.
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