Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Tesla, Inc.
  6. News
  7. Summary
    TSLA   US88160R1014


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tesla seeks court approval of win in engineer's defamation case

12/03/2021 | 01:41pm EST
FILE PHOTO: Logo of the electric-vehicle maker Tesla is seen near a shopping complex in Beijing

Dec 3 (Reuters) - Tesla Inc has asked a U.S. court to affirm an arbitrator's recent decision dismissing a former engineer's claims that the automaker fired and defamed her for raising concerns about defective floormats and contracting practices.

In a petition filed in San Francisco federal court on Thursday, Tesla said an arbitrator in a Nov. 3 decision found Cristina Balan's claims that the company falsely accused her of criminal conduct in response to a 2017 Huffington Post article about her firing were untimely.

In March, a California-based appeals court ruled that Balan was required to arbitrate the defamation claims because they were directly related to her employment with Tesla.

The company on Thursday asked the court to confirm the arbitrator's decision, which opens the door for Balan to challenge it.

Balan said in an email on Friday that she would seek to vacate the arbitration award "due to fraud, corruption, bias ... and manifest disregard for the law."

In a 2019 lawsuit, Balan said she was fired shortly after sending an email to Tesla Chief Executive Elon Musk claiming contracts were being awarded based on friendships regardless of price or quality.

Balan had also raised concerns about floormats in Tesla's Model S curling up under the pedals.

In a statement provided to the Huffington Post about Balan's case, Tesla claimed she was fired for using company time to work on a personal project and illegally recording conversations with colleagues.

Tesla had lauded Balan's work prior to her firing, including crediting her with perfecting a design for a battery pack, according to court filings. (Reporting by Daniel Wiessner in New York; Editing by Andrea Ricci, Dan Grebler and Daniel Wallis)

ę Reuters 2021
All news about TESLA, INC.
04:32pCadence Design Systems aims to cash in on new custom-chip era
03:26pSOCIAL BUZZ : Wallstreetbets Stocks Follow Broader Market Lower; Activision Blizzard Jumps..
11:28aGLOBAL MARKETS LIVE : Toyota, Microsoft, Goldman Sachs, Alibaba, Boeing...
10:18aVolkswagen and Bosch team up to boost Europe's battery ambitions
10:04aCredit Suisse Raises Tesla's Price Target to $1,025 from $830 on Increased 2030 Volume ..
09:51aToday on Wall Street: Changes
09:42aTESLA : Gets a Neutral rating from UBS
09:29aBitcoin investors dig in for long haul in 'staggering' shift
07:17aTESLA : Credit Suisse sticks Neutral
More news
Analyst Recommendations on TESLA, INC.
More recommendations
Financials (USD)
Sales 2021 52 628 M - -
Net income 2021 5 295 M - -
Net cash 2021 10 366 M - -
P/E ratio 2021 220x
Yield 2021 -
Capitalization 1 037 B 1 037 B -
EV / Sales 2021 19,5x
EV / Sales 2022 13,4x
Nbr of Employees 70 757
Free-Float 80,1%
Duration : Period :
Tesla, Inc. Technical Analysis Chart | TSLA | US88160R1014 | MarketScreener
Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 35
Last Close Price 1 030,51 $
Average target price 947,31 $
Spread / Average Target -8,07%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
James Rupert Murdoch Independent Director
Sector and Competitors
1st jan.Capi. (M$)
TESLA, INC.-2.49%1 056 348
NIO INC.-6.53%49 228
XPENG INC.-1.27%42 553
LI AUTO INC.-5.08%31 634
FISKER INC.-10.30%4 415
ARRIVAL-18.87%4 406