Elon Musk's controversial tweets reached a new level when he called a British cave explorer a pedophile after the man criticized the billionaire's effort to help rescue 12 boys from a Thai cave last week. Tesla shares fell in the wake of the controversy.
James Anderson, a partner at Tesla's fourth-largest shareholder, asset manager Baillie Gifford, called the weekend's events "a regrettable instance" and said he had reiterated to the company the need for "peace and execution" of its core business. The soccer team was rescued successfully after 18 days, with the help of dozens of divers and hundreds of volunteers.
Unsworth went on to say that Musk's offer to help the mission was simply a "PR stunt" and that he could "stick his submarine where it hurts". "Well, (if) by definition rescuing 12 young boys...that puts everybody in the same context".
Tesla's stock lost four percent or $2 billion of its value on Monday following Musk's comment.
Asked by Australia's Channel 7 News on Monday whether he was considering taking legal action, Unsworth quickly replied: "Yes, it's not finished".
If you're already acquainted with Musk and his weird entanglement with the Thai cave story, you may skip to the end of this report for a fuller accounting of his baseless pedophilia accusations. "The "billionaire" label, when used by media, is nearly always meant to devalue and denigrate the subject", he tweeted.
There's room for small businesses to compete with Prime Day
It's set to take place on Tuesday July 17th, with the first Amazon Prime deals set to be released at midday on Monday 16th. The company is obviously trying to compete against Amazon's Prime Day , which will start on July 16 and last for 36 hours.
But Musk's "pedo" comment and his Twitter skirmishes with analysts, reporters and others will make investors wary, Gordon said.
In response, Musk wrote another post on Twitter on Sunday, promising to release footage of his submarine in action.
Tweeters asked how Musk could justify contributions to "protect" a House of Representatives and a political party filled with climate-change deniers. Musk's role in the rescue was initially unclear.
Unsworth stated his belief that Musk's latest comments may have made some people realize that he isn't the benevolent messiah-like individual that many believe him to be: "I'm not going to make any further comment about him, but I think people realise what sort of guy he is". Many dismissed his ideas as impractical and a publicity stunt and Mr Musk's plan was reported to have been called "not practical" by Narongsak Osatanakorn, who has been co-ordinating the mission.