The social media and rocket companies are headquartered in California, which the billionaire criticized for its recent transgender legislation.
Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.
Musk ayudó a crear la industria china de vehículos eléctricos. Pero ahora se enfrenta a desafíos allí, así como al escrutinio en Occidente por su dependencia al país.
Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.
Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
The carmaker and energy company settled with a Black man who had worked at its California factory and had won a $3 million judgment against the company.
The Equal Employment Opportunity Commission filed a lawsuit accusing the carmaker of mistreating Black employees at its factory in California.
A former Tesla factory worker, who is Black, challenged a judge’s earlier award of $15 million, but came away with less in a new trial.
S&P cited racial discrimination claims in deciding to exclude the electric carmaker from a listing of socially responsible companies.
The suit comes months after a jury awarded a former Black employee at the electric carmaker’s San Francisco-area factory $137 million.