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Photo: Justin Sullivan/Getty Images

The majority of Tesla's leadership is white and male, according to the company's first ever diversity report, released late Friday.

Why it matters: Recent research suggests that diverse leadership leads to increased and better innovation and improved financial performance, per the Harvard Business Review and the Boston Consulting Group.

By the numbers:

  • Tesla's U.S. workforce is:
    • 34% white
    • 22% Hispanic
    • 21% Asian
    • 10% Black
    • 7% other
  • Tesla’s leadership in its U.S. workforce is:
    • 59% white
    • 25% Asian
    • 4% Black
    • 4% Hispanic
    • 1% other
  • By gender, Tesla’s U.S. workforce is:
    • 79% male
    • 21% female
  • By gender, Tesla’s leadership in its U.S. workforce is:
    • 83% male
    • 17% female
  • Of note: The report did not include how many people in Tesla's workforce have a disability, nor did it break down how much of its workforce is nonbinary or gender nonconforming.

What they're saying: "Where we are today represents the progress that we have made and the steps we have taken up to this point," the company said in its Diversity, Equity and Inclusion Impact Report.

  • "We know we have more work to do to be representative of the evolving U.S. population and we are committed to implementing the plans we’ve designed to get us there," Tesla added.
  • "Where we are today represents the progress that we have made and the steps we have taken up to this point. We know we have more work to do to be representative of the evolving U.S. population and we are committed to implementing the plans we’ve designed to get us there."
  • The company also said that to ensure hiring efforts result in a diverse workforce, it was committed to recruiting from Historically Black Colleges and Universities and expanding its internship program to "become our driving force in attracting diverse talent at our professional entry level."

Go deeper: The stark new reality for American CEOs

Go deeper

GM finds love on Wall Street for a change

GM EV600 electric delivery truck. Photo: GM

General Motors is finding love on Wall Street, something it hasn't experienced in a very, very long time.

What's happening: Investors are beginning to give credence to the Detroit automaker's electric vehicle strategy — or they're looking for a cheaper way to participate in the Tesla-inspired run-up in electric vehicle stocks.

UNC race conscious admissions process upheld by judge

Students walk through the campus of the University of North Carolina at Chapel Hill on Aug. 18, 2020 in Chapel Hill, North Carolina. Photo: Melissa Sue Gerrits/Getty Images

The University of North Carolina at Chapel Hill can continue its race conscious admissions process, a federal judge ruled on Monday.

Why it matters: The case could end up in the Supreme Court after the conservative nonprofit Students for Fair Admissions (SFFA) vowed to appeal the judge's ruling that UNC didn't discriminate against against white and Asian American applicants in its policy that it said was designed to increase diversity.

SEC debunks conspiracy theories about meme stock mania

Photo: Alessia Pierdomenico/Bloomberg via Getty Images

The SEC issued its long-awaited report on the meme stock mania, which downplayed the narrative that a "short squeeze" was the primary driver behind GameStop's historic stock moves — and shot down conspiracy theories about the event.

Why it matters: The postmortem was highly anticipated, largely because of what it could hint about what the regulator thinks should be done in wake of the saga. But the report stopped short of specific policy recommendations.

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