The hidden side of politics

Tesla shares fall on news of new probe into workplace injury

Reported by CNBC: 

Tesla shares fell Friday after news of another California state government probe into a workplace injury was reported by Bloomberg.

“Nothing is more important to us than the safety and well-being of those who work at Tesla every day,” Tesla said in a statement sent to CNBC. “This injury involved a worker who had been hired by an independent contractor and was performing a procedure that had been developed by and was under the supervision of that contractor. This contractor was also responsible for reporting the injury, which they did. We take any injury very seriously, and we’ll of course provide our full cooperation to Cal-OSHA.”

The news comes days after Cal-OSHA said it was opening an investigation into workplace safety, after a report from RevealNews.org that said Tesla has mislabeled and undercounted injuries to make its safety record appear better than it is.

The electric-car maker disputed that report with a blog post on Monday.

Tesla is scrambling to ramp up production of the Model 3, a car Tesla is marketing as a more affordable alternative to its high-end electric vehicles. The company has repeatedly missed its own production targets. An email leaked earlier this week detailed CEO Elon Musk’s plan to speed up production.

Source:CNBC

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

FOLLOW @ NATIONAL HILL