Government bailouts, foreign workers, and the business is still in the red.
In 2009, Telsa Motors received a $465 million “loan” from the US government, to open a plant for production of its electric vehicle. Then Telsa acquired the bankrupt General Motors plant in Fremont, California for $42 million.
In 2010, corporate income tax credits of $20 million allowed Telsa to purchase the plant’s machinery and equipment.
Telsa has also collected $517 million by SELLING government-mandated environmental credits to competing automakers.
The company has been unprofitable since opening the plant in 2009, and, according to the CEO, they may not be profitable until 2020.
Now, Breitbart reports that a lawsuit from an insured construction worker has revealed that Telsa hired a foreign contractor in 2015 to bring 140 foreign workers in to help building a new paint shop.
The foreigners, from Croatia and Slovenia, were paid about $5 per hour, worked 10-hour days, six days per week (sometimes seven days per week) as laborers to build Telsa’s paint shop. According to Breitbart, experienced American workers are usually paid about $48 an hour in wages and benefits for the same type of work, plus overtime pay.
One foreign worker, Gregor Lesnik, of Slovenia, after three months on the job, fell from the paint shop roof to the cement floor three stories below and sustained major injuries, including broken legs and cracked ribs. The contractor and the company both refused to accept responsibility, so he has failed a lawsuit against them.
“Tesla could be required to “make whole” its workers for all illegal under-payments, plus pay federal fines of $5,000 per worker, $15,000 for each and every violation of the California Labor Code, and be banned from the B1/B2 and HB-1 Visa programs for life.”
If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).
To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.
Sign up to get breaking news alerts from Dennis Michael Lynch.
George Soros Shifting His Money Around… Sees What Trump Sees