Tesla Heads to Trial in California. Should Investors Be Worried?
Source: Insider Monkey ·
Tesla (NASDAQ:TSLA) investors already have plenty to keep track of, from vehicle deliveries to the company’s expansion into AI and autonomous driving. This week adds something very different to that list. A lawsuit brought by the California Civil Rights Department in 2022 is heading to trial in Oakland, with the state agency alleging that Black […]
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Tesla (NASDAQ: TSLA ) investors already have plenty to keep track of, from vehicle deliveries to the company's expansion into AI and autonomous driving. This week adds something very different to that list. A lawsuit brought by the California Civil Rights Department in 2022 is heading to trial in Oakland, with the state agency alleging that Black workers at Tesla's Fremont factory faced widespread racial harassment and discrimination and that the company failed to prevent or adequately address it. Tesla and its lawyers have denied wrongdoing. READ ALSO: Waymo Takes On Zoox in Las Vegas. Is Alphabet Winning the Robotaxi Race? The trial is scheduled to run through October 30, making the case worth following because California law does not cap the damages that can be awarded to affected workers in employment-discrimination cases. For Tesla (NASDAQ:TSLA), an important piece of context is that allegations are not findings of liability. The California agency claims Black workers were…