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Report: Tesla Inc (TSLA) Has Been Underreporting Worker Injuries

TSLA – A new investigative report suggests that the company fudged injury numbers to make its safety record look better than it is.


The hits keep on coming from Tesla Inc (NASDAQ:TSLA), and we’re unfortunately not talking about the company suddenly knocking it out of the park on production goals. Yet another negative story has started making the rounds about the carmaker, and this one suggests there’s some creative record-keeping going on in regards to safety numbers.  

CNBC passes along the details on a new report that paints Tesla in a negative light.

Electric vehicle maker Tesla has mislabeled and under-counted workers’ injuries to make its safety record look better than it was, according to a new investigative report by RevealNews.org.

“Company officials labeled toxic exposures, muscle strains and repetitive stress injuries as personal medical issues or minor accidents requiring only first aid, lowering its official injury count,” said the report.

Sources that spoke to Reveal indicate that there were safety compromises made at the company’s Fremont factory for incredibly curious reasons. According to the sources, CEO Elon Musk is not a big fan of the color yellow, and that resulted in the factory floor not having clearly marked pedestrian lanes. As opposed to the standard yellow, lanes were allegedly painted different shades of gray.

While the Reveal reporters seem to have done a thorough job with the investigation, Tesla has disputed the findings and notes that any past safety concerns have already been addressed and dealt with.

Tesla Inc shares were trading at $293.70 per share on Monday morning, down $6.64 (-2.21%). Year-to-date, TSLA has declined -5.67%, versus a 0.27% rise in the benchmark S&P 500 index during the same period.

TSLA currently has a StockNews.com POWR Rating of C (Neutral), and is ranked #10 of 24 stocks in the Auto & Vehicle Manufacturers category.

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The day of this event (Apr. 16, 2018)
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