Tesla Shares Fall as New Workplace Investigation Revealed [Fortune]
Tesla, Inc. (TSLA)
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Source: Fortune
The California Division of Occupational Safety and Health is investigating the injury of a subcontractor who broke his jaw while working at Tesla’s Fremont, Calif. factory, the second probe opened by the agency this month to examine hazards at the company. News of the investigation, which was first reported by Bloomberg , alongside a J.P. Morgan analyst note that forecasts headwinds for Tesla as German luxury brands launch their own electric vehicles, sent shares down more than 2% Friday. CAL-OSHA opened an investigation on Apr. 18 into workplace hazards at the factory just days after the Center for Investigative Reporting’s Reveal published a lengthy report about worker safety at Tesla’s Fremont factory, where the Model S sedan, Model X SUV, and new mass-market Model 3 is produced. The report uncovered evidence that Tesla had underreported worker injuries to regulators. News of a second investigation, which was actually launched the week before on Apr. 1
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News
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- After Firing Entire Supercharger Team, Elon Musk Reverses Course and Says He'll Be Spending $500 Million on Growing the Charging Network [Yahoo! Finance]Yahoo! Finance
- Some Tesla owners just got a cool new update that makes loading their cars a lot easier [Business Insider]Business Insider
- BYD and Tesla race to carve up European EV market with Chinese carmaker planning to leapfrog Elon Musk by 2030 [Yahoo! Finance]Yahoo! Finance
- Police prevent environmental activists from storming Tesla factory in Germany [Financial Post (Toronto, Ontario, Canada)]Financial Post
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