rtmark
LearnBonds.com

Tesla Motors Inc (TSLA) Pays Out $550,000 to Injured Worker

Tesla Motors Inc (NASDAQ:TSLA)

Reports have emerged that Tesla Motors Inc  & contractors have paid out $550,000 to a Slovenian worker who sustained injuries after an incident in 2015. The worker, Gregor Lesnik, was hired by a subcontractor (along with another 140 workers) as part of Tesla’s expansion plans. The contractors were expanding Tesla’s Fremont factory.

Tesla Motors Inc (TSLA) Factory Freemont, California

Tesla Motors Inc (TSLA) Compensates Worker for Concussion, Broken Legs & Ribs

Gregor fell of the roof of a paint store in May 2015, leaving him with a concussion, broken legs and ribs. The $550,000 was paid out by Tesla Motors Inc  and the contractors (details of the exact split have not been released.) It should be noted that some of the money paid out is also for wages.

The firm’s new Gigafactory based in Reno, Nevada is set to open later this month, on the 31st of July 2016. 12 Model 3 reservationists have been given “golden tickets”, inviting them to the facility’s grand opening. The Gigafactory is being constructed in partnership with Panasonic, & it will slash the cost of producing lithium-ion batteries by around 30%.

 

Reports: Some Tesla Motors Inc Workers Were Paid as Little as $5 Per Hour

According to an article published on the 19/07/2016 on Mercury News, some foreign workers who were expanding Tesla’s Fremont facility were paid as little as $5 per hour. The article gave further details, reading “Lesnik was one of the workers featured in an investigation by this newspaper, “The Hidden Workforce Expanding Tesla’s Factory.” The newspaper investigation and court documents revealed at least 140 foreign workers on questionable business visas worked on the expansion of the Tesla Fremont plant and received as little as $5 an hour.”

As the NASDAQ closed on the 19/07/2016, a share in Tesla Motors Inc  was trading $225.26, down by 0.44% on the day. The California based electric vehicles manufacturer’s market cap currently stands at nearly $34 billion.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar
X

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

TRADE WITH ETORO

75% of investors lose money when trading CFDs.

Leading Social Trading Platform with 0% Commission
TRADE WITH ETORO

75% of investors lose money when trading CFDs.

HTML Snippets Powered By : XYZScripts.com