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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, analysts, 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 asset 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 submarine idea was only the latest of its ambitions, with the sending of water filters to Flint, Michigan, drilling tunnels for a new class of high-speed transit and the sale of flamethrowers.
British diver Vernon Unsworth (C) played a key role in the economy of 12 boys trapped in a Musk had recently promised to act more like the wise leader of 39, 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 a no." If you attack me, then it's OK for me to attack it. "I'm going to try to be better at that," says Musk. "That's my mistake.
Analysts said Musk's "guy" comments had made the flap on the submarine still stealing Tesla's thunder at a critical time, while Musk should focus on 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, but the boys were saved by a rescue team.
The submarine, which the chief of rescuers described as "impractical" for the narrow passages of the cave, was left to the country's navy for potential future use.
Unsworth, who could not be reached for comment, told reporters on Monday that he was considering a lawsuit against Musk, saying, "I think people realize what kind of dude he is.
Carl Tobias, a law professor at the University of Richmond, said Unsworth could potentially carry a legal case arguing that Musk's attack was defamatory – a false and written statement that defamed or damaged his reputation
. Howard Dean, former Vermont governor and Democratic presidential candidate, tweeted, "If the CEO loses it, the company is worthless."
The episode also seemed to repel some of the closest Tesla supporters, including Loyalists of alternative energy. seen in Tesla an opponent worthy of the behemoths 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. "Role 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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