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Tesla fires employee for ‘malicious sabotage’: RPT

Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Ines Ferre break down the market action for Tesla.

Video Transcript

BRIAN SOZZI: Welcome back to "The First Trade." Tesla is putting out some internal fires now. The company told its Fremont, California, auto plant workers an employee quote, maliciously sabotaged the factory last night and was immediately fired after an internal investigation. Ines Ferre is back here with those details. Ines, a pretty hot situation over Tesla.

INES FERRE: It is a hot situation. And this is over at the Fremont factory in California that has some 10,000 workers there. That's where Tesla makes the S model, the X model, the 3 and others. And Al Prescott, who is Tesla's vice president of legal and acting general counsel, said that about two weeks ago its IT team and also its info security team had determined that an employee had maliciously sabotaged a part of the factory. They were able to act quickly as soon as they found out about this and prevented any further damages. And production was running smoothly after a couple of hours after this incident.

The employee, according to the company, had allegedly tried to cover up his tracks. He tried to blame a co-worker. He tried to destroy a computer, and though when he was presented with all the evidence then confessed to what he did and then his employment was terminated.

Now Tesla has internal teams in order to deal with potential sabotages like these or cyber attacks, also including last month when CEO Elon Musk had said that its Nevada factory had been the target of a cyber attack which was thwarted. So these kinds of situations happen to companies. You just often don't find out about them until after those situations have been resolved, Brian.

BRIAN SOZZI: OK.