Apparently Tesla is in its worst year of public service, involving in quite a number of scandal that is sweeping off quite a fortune from the company’s fund. The most recent one was for the now former CEO of Tesla tweeting a “misleading tweet” about taking Tesla private which cost the company and its then CEO a total sum of $40 million (N14.5 billion).
However, Tesla is facing yet another lawsuit filed by the state of Nevada earlier this week for its failure to pay nearly $655,000 (N237,765,000) to the state’s Unemployment Compensation Fund. According to the liability statement, Tesla is indebted to the Employment Security Division of the state of Nevada. The carmaker didn’t pay enough for the first and second quarters of 2018 when Tesla had $68 million(N24.6 billion) and $55 million (N19.9 billion) in taxable wages, respectively.
An insider from Tesla confirmed that the carmaker has however incurred a lot of debt for its failure to pay taxes for its Gigafactory (battery plant) located outside of Reno, where it makes battery packs and other parts for its Model 3 electric vehicle. “Since Tesla acquired SolarCity and incorporated all of its employees, we’ve been in discussions with states over new unemployment insurance contribution rates, which is typical in acquisitions like this,” the insider said. “This judgment is the result of a clerical error, and we have processed this payment today to reflect the latest unemployment insurance contribution rates. Over the past 18 months, Tesla has already paid over $3.3 million (N1.1 billion) in unemployment taxes to Nevada.” He added.
Tesla is under enormous pressure to turn a profit, something the carmaker has only done once for a single three-month period. The company burned through more than $1 billion (N 363 billion) in the first quarter of 2018, ending with less than $2.7 billion (N980 billion) in the bank. Tesla is expected to report its third quarter numbers at the beginning of November as required by the new lawsuit.