Tesla acknowledged the lack representation of board diversity in its company

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Elon Musk’s Tesla whose meteoric rise has seen it become the most valuable auto company in the world and worth about $550 billion, acknowledged the lack of diversity in the company’s board.

So he said in the Diversity, Equity and Inclusion Impact Report, “We know that our numbers do not represent the deep talent pools of Black and African American talent that exist in the U.S at every level – from high-school graduates to professionals”.

And he added that, “While women are historically underrepresented in the tech and automotive industries, we recognize we have work to do in this area”.

Tesla, based in Palo Alto, California, said it planned to increase representation of all under-represented groups next year and would be recruiting at historically Black colleges and universities.

Nasdaq Inc filed a proposal with the U.S. Securities and Exchange Commission that, if approved, would require all Nasdaq-listed companies to adopt new rules related to board diversity.