After Elon Musk’s ‘Pedo’ Tweet, Tesla Shares Fall 4% as Some Investors Worry About His Erratic Behavior

By KEVIN KELLEHER July 16, 2018

Tesla’s stock lost 4% of its value Monday following a rough weekend for its CEO Elon Musk.

Musk, who has taken to Twitter in recent weeks to combat his critics, drew criticism this weekend after calling a diver involved in the rescue of a Thai soccer team a “pedo.” The diver, Vern Unsworth, had criticized Musk’s effort to create a small submarine to rescue the soccer team members.

Thai rescuers succeeded in bringing the soccer team to safety without enlisting Musk’s help. Unsworth dismissed it as a PR stunt, telling Musk he could “stick his submarine where it hurts.” Musk then lashed back in a now deleted tweet that seemed to hint, by virtue of the British diver’s residence in Thailand, that he was a pedophile.

Unsworth has said he is considering legal action against Musk, while Tesla investors wasted no time in expressing their concerns about the CEO’s erratic behavior. Tesla slid 2.8% during official market hours Monday, before declining more than 1% in after-hours trading.

 

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The many failures of Elon Musk, captured in one giant infographic

Among the more recent ‘failures’: parts of the Tesla Model 3 were being made by hand, contributing to a shortage of vehicles ready for delivery
Going through a rough patch at work? Well, at least you probably didn’t get ousted as CEO of your own company, watch two of your companies hover on the brink of bankruptcy or get fired while on your honeymoon.

All of those things have happened at various points to Elon Musk, founder of SpaceX, co-founder of Tesla TSLA, -0.33% , founder of Neuralink, co-founder of SolarCity and co-founder of X.com which eventually became PayPal , and who now has a net worth of about $15 billion.

Musk’s impressive resume is littered with accomplishments, but it’s worth remembering it’s not all sunbeams and soaring stock prices.

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