Tesla
Corporate Bias Rating
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Risk Level:
Summary:
Tesla scored a 55 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Tesla increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, and philanthropic support. Tesla forces employees to undergo multiple ideological trainings and uses its corporate funds to support controversial sex and gender ideologies and organizations. Tesla did get into trouble for firing a pro-unionization worker who was eventually rehired. The company provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. Tesla supports the Equality Act. For these reasons, Tesla receives a Medium Risk rating.
Board Bias
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CEO of Tesla
Elon Musk
Summary:
Headquartered in Austin, Texas, Tesla is a member of the Fortune 250 operating in the Automobiles and Components industry. Elon Musk and Elon Musk serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $497,850 to Republican causes and $2,349,349 to Democratic causes. Under their tenure, Tesla currently holds a 'Medium Risk' risk rating.
Political Contributions of Leadership:
$497,850
$2,349,349
Republican
Democrat
Shareholder Proposals
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| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/16/23 | Governance | Sumtrif ehf. | Report on Key-Person Risk | Against | 5.80% |
In the News
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