The stock of Tesla Inc (NASDAQ:TSLA) closed at $293.35 gaining 1.97% in yesterday’s trading session. The reports that came up recently regarding the worker protections at Tesla’s lone auto plant located in Fremont is what pushed California’s Division of Occupational Safety and Health to open investigations into the Company.
California’s Division of Occupational Safety and Health doesn’t take for granted reports of workplace hazards. Almost in the same vein it also takes pretty seriously the allegations of employers’ underreporting recordable work-related illnesses and injuries as well. That is the reason it has decided to open inspection at Tesla as was disclosed by a spokeswoman for the state’s industrial relations department Erika Monterroza.
The state agency has proceeded to call upon all the employers to maintain the Log 300 records of illnesses and injuries. Monterroza has made the assertion that the state takes with much seriousness the matter about the various injuries getting reported in good time, though the official attests to the fact that the state is quite reluctant when it comes to disclosing the details of open inspections.
Fundamentally, the law requires that the various injuries be reported within a timeframe of about eight hours and that is the same thing that the agency advocates for as well.
The Center for Investigative Reporting in the course of this week unleashed a story that brought it to the limelight that indeed Tesla had failed to fulfill its obligation of reporting serious injuries on what is termed the legally mandated reports by many. It is said that the company had been engaging in the exercise of making its numbers apparently better than they really were.
It is worth noting that the website cited former members of Tesla’s health, environment and safety team stating that Elon Musk who is the company’s CEO had personal preferences and that most of them were invoked in a bid to try and address the wide range of the associated potential hazards.
A person well conversant with the matter said that business challenges were part and parcel of any progressive business undertaking. He expressed optimism that Tesla would eventually make it through.