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Elon Musk – the best investor in Tesla – lost about $ 295 million in value during the day.
Four days after Tesla's fourth largest shareholder called "a time of calm and peace," Elon Musk's worst bombs stink: a charge about an organizer of the cave rescue Thailand as investors say is a major distraction from its mission leading the besieged automaker
Vernon Unsworth, a British diver who played a key role in the economy of 12 The boys trapped in a flooded cave , had stated that Musk's unpretentious idea of sending a miniature submarine "had absolutely no chance of working" and was "only a quick shot from RP "
. Millions of Twitter followers on Sunday that Unsworth was a pedophile who "really asked for it". Urged to explain the charge, Musk has doubled: "It's better a dollar signed."
Investors rattled 3% of Tesla shares on Monday, prolonging a series of losses for a company that was only a few weeks ago. automaker, is worth more than General Motors. Musk's critics have long said that its fierce attacks – with rivals, partners, badysts, journalists and employees, to name a few – have paralyzed Tesla's vaunted mission to reshape 39, automobile industry and change the world
more than 16% since last month, cutting several billion dollars the market value of the company at a time when it still depends on the money and investor confidence. The company lost $ 2 billion last year and has never made annual profits.
Even shareholders and supporters of Musk are starting to wonder how his temperament could affect the company he's built and their results. "said Gordon Johnson, managing director of Vertical Group, a New York – based investment research group." Last week, you had a very big shareholder who said he wanted him to focus on the company. running and stopping tweets, and then, this weekend, you get more tweets, what is its angle, what does it do? of these things, and he is still missing, and he is not held to the task.
Musk's tweets have since been suppressed Tesla and Musk's office spokespersons have not responded to requests for comments
T. Rowe Price Representatives, Fidelity Investments and Baillie Gifford – the three largest shareholders of Tesla, behind Musk himself – also declined to comment.James Anderson, a partner in the badet management firm Baillie Gifford, said last week that the company is not going to be able to sell it. Business needed peace and focus to solve its "problems of execution", adding that it would be good to focus solely on the manufacture of cars. Tesla recently reached a weekly manufacturing target for its sedan Electric model 3, after months of delays and a series of disasters that Musk called "production hell."
Musk – Tesla's largest investor with more than 33 million shares of Musk during ann es said that & # 39; it proudly, aggressively decentralized – a billionaire known for his visionary adventures in electric cars, underground supertrains, the & # 39; artificial intelligence and travel in the & # 39; space. The idea of submarine was only the last of its ambitions, with the shipment of water filters to Flint, Michigan, tunnel drilling for a new clbad of public transit at high speed and the sale of flamethrowers. recently promised to act more like the wise leader of a $ 50 billion company that investors want it to be. In an interview last week, Musk said that he was reforming his belief that Twitter was an endless battleground where "if you attack me, it's OK for me to attack from return." "I will try to be better about it," Musk said. Analysts said that Musk's "guy's pedo" comments had caused the beat over the submarine to steal Tesla's thunder again at a critical time, while Musk should focus on promoting progress of the company. Making the Model 3.
A Musk SpaceX team built the specially designed "child-sized submarine," and Musk traveled with them to northern Thailand, documenting their tests and adventures along the way. But the boys were saved by a volunteer rescue team. The Musk submarine has never been used.
The submarine, which a rescue chief described as "impractical" for the narrow pbadages of the cave, was left to the country's navy for potential future use. Musk continued to defend the ship, which he said "could also function as a life-saving capsule in space."
Unsworth, who could not be reached for comment, told reporters Monday that he was considering a lawsuit against Musk.
Carl Tobias, a law professor at the University of Richmond, said that Mr. Unsworth could potentially file a lawsuit alleging that Musk's attack was defamatory.
The comments sparked a lot of criticism on Monday, including from the former Vermont governor and Democratic candidate Howard Dean, who tweeted: "If the CEO loses it, the company is not worth it. nothing."
The episode also seemed to be pushing back some of Tesla's closest supporters, including the alternative energy loyalists who saw Tesla as a worthy opponent of the giants of the oil and gas industry . Kevin Holland, the managing director of Solar Shed, a UK renewable energy installer, said his company would no longer promote Tesla products until Musk makes a "public and complete apology." about his disgusting comments to a real hero. 19659003] "He is an inspiration to so many people under very skilled PR over the years and must remember that he is a model," Holland said. "The models do not call people [pedophiles] on Twitter because they had an idea that would not work."
(This story was not edited by NDTV staff and is generated automatically from a syndicated feed.)
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