Tesla Inc. will pay $1.5 million to settle a lawsuit filed earlier this week by 25 California counties accusing the electric-vehicle maker of mishandling hazardous waste.

San Francisco District Attorney Brooke Jenkins announced the settlement late Thursday.

“While electric vehicles may benefit the environment, the manufacturing and servicing of these vehicles still generates many harmful waste streams,” Jenkins said in a statement. “Today’s settlement against Tesla, Inc. serves to provide a cleaner environment for citizens throughout the state by preventing the contamination of our precious natural resources when hazardous waste is mismanaged and unlawfully disposed.”

The lawsuit, filed Tuesday, accused Tesla
TSLA,
+0.84%

of improperly handling, transporting and disposing hazardous materials including oil, lead acid batteries, antifreeze and diesel fuel at as many as 101 sites across the state.

As part of the settlement, Tesla was ordered to pay $1.3 million in civil penalties, and $200,000 to reimburse the cost of the investigation, which began in 2018. Tesla also must comply with an injunction for five years to properly dispose of its hazardous materials.

Last month, Tesla reported earnings of $7.9 billion in the fourth quarter.

Tesla, which dissolved its media relations team in 2020, did not respond to a request for comment.

Tesla shares are down about 24% year to date, compared to a 3% gain by the S&P 500
SPX.


Source link

You May Also Like

Major Rail Accidents Fast Facts | CNN

Editor’s Note: This timeline is not all-inclusive. Selected rail incidents with at…

Jets coach Robert Saleh backs Mike LaFleur despite recent struggles

Anytime a team is going through a long losing streak, fans want…

“American Manhunt” The 6 most shocking revelations from Netflix’s Boston Marathon bombing doc

Carmen Ortiz from “American Manhunt: The Boston Marathon Bombing” (Netflix) The lengthy…

Biden campaign taps Jon Stewart alum for help with media-savvy tactics

In a smart move that will surely help to draw the eyes…