Ethics and Social Responsibility Issues Related To Tesla

Tesla Inc. is a leading electric automobile manufacturer in the United States. The company is located in Palo Alto, California, and it specializes in the production of eco-friendly vehicles with the target of decreasing the ecological footprint. Engineers Marc Tarpenning and Eberhard Martin established the company in 2003. Telsa, known for its Ethical code, strives to “do the right thing by engaging in activities that your household will be appreciative of.” Tesla is one of the businesses that directly participate in corporate social responsibility to fulfill the stakeholders’ needs. The Code of Ethics illustrates how they value their employees and how they are perceived by their clients, society, and stakeholders.

Ethical Considerations

As a company at the cutting edge of transportation and energy innovation, the company functions by the principles of hard work, amazing performance, integrity, and fair treatment. The California Transparency in Supply Chains Act of 2010 necessitates Tesla Supplier Partners to provide full disclosure (Code of Business Conduct and Ethics, 2017). Forced, prison, bonded, indentured, or slavery, and all forms of human trafficking, are all improper because they abuse workers who cannot assent to their deeds (Baffour-Awuah, 2020). Employee identity or immigration documents, travel documents, or work permits would not be withheld or destroyed.

Social Responsibility

Tesla, Inc. addresses shareholders’ concerns through a corporate social responsibility approach that highlights automobiles’ safety and ecological friendliness, power storage, and energy production products. Tesla, Inc. assumes that personnel are a crucial achievement aspect in the company’s locomotive and energy resolutions when establishing the corporate social responsibility approach. Workers, as stakeholders, affect business productivity and performance (Murphy, 2019). Tesla, Inc.’s automotive business directly addresses community issues. Clients have an impact on Tesla’s income and are particularly worried about product quality and affordable pricing. Considering the significance of these stakeholders, the business prioritizes them in its corporate social responsibility initiatives. To tackle such concerns, the company focused on new ways to reduce costs. Communities are stakeholders who form a brand image through substantial promotions and replies to business. One of the stockholder group’s interests is to guarantee that the natural habitat is safeguarded. In this case, the firm’s electric cars, batteries, and solar energy panels address such interests. The CSR approach promotes the company’s public relations by satisfying such interests.

References

Baffour-Awuah, D. (2020). The essence of Corporate Social Responsibility–Case Study of Tesla Inc. Available at SSRN 3672317.

Code of Business Conduct and Ethics. (2017). Telsa. Retrieve from https://ir.tesla.com/codebusiness-conduct-and-ethics-

Murphy, C. (2019, September 25). Why Social Responsibility Matters to Businesses. Investopedia, Retrieved from https://www.investopedia.com/ask/answers/041015/why-social-responsibility-important-business.asp

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