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TESLA, INC.

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Judge orders new trial in Tesla worker's race bias lawsuit

06/27/2022 | 02:20pm EDT
FILE PHOTO: The Tesla factory is seen in Fremont

(Reuters) - A federal judge in California on Monday ordered a new trial on the damages Tesla Inc owes to a Black former factory worker who accused the company of race discrimination, after he turned down a $15 million award.

U.S. District Judge William Orrick in San Francisco granted Tesla's motion for a new trial a week after the former elevator operator, Owen Diaz, said he would not accept the judge's award.

Tesla and lawyers for Diaz did not immediately respond to requests for comment.

A jury last October had awarded Diaz $137 million, one of the largest verdicts ever in a discrimination case involving a single worker. Orrick in April said Tesla was liable to Diaz for discrimination, but he said the award was excessive and lowered it to $15 million.

Diaz's lawyers said last week that the lower award was unjust and undermined his constitutional rights.

Orrick did not set a date for the new trial, but scheduled a conference for July 12.

In his 2017 lawsuit, Diaz alleged that his colleagues and a supervisor at Tesla's Fremont, California, assembly plant subjected him to a hostile work environment that included racist slurs, caricatures and swastikas.

Tesla is facing a series of lawsuits involving alleged widespread race discrimination and sexual harassment at the Fremont factory, including one by a California civil rights agency.

This month, a Tesla shareholder filed a lawsuit accusing the company's chief executive, Elon Musk, and board of directors of neglecting worker complaints and fostering a toxic workplace culture.

Tesla has denied wrongdoing and says it has policies in place to prevent and address workplace misconduct.

(Reporting by Daniel Wiessner in Albany, New York; Editing by Alexia Garamfalvi and Leslie Adler)

By Daniel Wiessner


© Reuters 2022
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Financials (USD)
Sales 2022 84 861 M - -
Net income 2022 12 525 M - -
Net cash 2022 19 851 M - -
P/E ratio 2022 80,5x
Yield 2022 -
Capitalization 888 B 888 B -
EV / Sales 2022 10,2x
EV / Sales 2023 7,21x
Nbr of Employees 99 290
Free-Float 82,8%
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Mean consensus OUTPERFORM
Number of Analysts 37
Last Close Price 850,00 $
Average target price 912,28 $
Spread / Average Target 7,33%
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Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin & Chief Financial Officer
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
James Rupert Murdoch Independent Director
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