Tesla shares fall after Musk betrays his own advice

Tesla shares fall after Musk betrays his own advice

Tesla shares fall after Musk betrays his own advice

The sharp drop came after Vern Unsworth, a 63-year-old rescue worker who helped 12 junior football players and their coach escape a flooded cave in northern Thailand recently, threatened legal action against Musk. But to understand why Musk said it, you need to watch Unsworth's news interview in which he called Musk's offers to help rescue the boys "a PR stunt".

Asked by Australia's Channel 7 News on Monday whether he was considering taking legal action, the British caver Vernon Unsworth quickly replied.

"Sorry pedo guy, you really did ask for it", he added, completely out of the blue. Munster said that he is writing to Musk "on behalf of investors who believe in you and your mission". On Sunday, he said in a now-deleted series of tweets that he would release video footage of the cylindrical vessel sailing through one of the caves. But even though many of Musk's fans lauded his intentions, the submarine also became the butt of many jokes.

A spokesperson for Tesla declined to comment when Business Insider inquired about the political donations.

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Since then, he has been arguing with people who accuse him of shoehorning himself into the drama and imagining hypotheticals in which rescuers had not deemed his hastily built submarine unnecessary and impractical. In May, Tesla shares suffered a similar plunge after Musk's erratic performance.

Musk had already attracted criticism for his approach to the Thai rescue after Narongsak Osatanakorn, head of the joint command center, said the mini-submarine was sophisticated, but not practical for the operation.

In tweets that appear to have since been deleted, Musk said the submarine would have managed easily, as "you could literally have swum to Cave 5 with no gear".

Carl Tobias, a law professor at the University of Richmond, said Unsworth could potentially bring a legal case arguing that Musk's attack was libel - a false and written statement that defamed or damaged his reputation.

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In a Tweet, Musk had proposed "a tiny kid sized submarine" for the rescue.

Loup Ventures published an open letter to Musk on behalf of investors, saying the comments to Unsworth "crossed the line" and calling for an apology. Musk's critics have long said his bitter slugfests - with rivals, partners, analysts, journalists and employees, to name a few - have hamstrung Tesla on its vaunted mission to reshape the auto industry and change the world.

Mr Bob O'Donnell, founder of Technalysis Research, said Mr Musk has fallen into a "hero worship persona" but has failed to live up to the responsibility that implies. Unsworth told AFP news that he will make a decision about whether to take legal action against Musk after flying back to the United Kingdom this week.

James Anderson, one of the largest shareholders in Tesla, told the Guardian that he planned to convey his concerns to the company.

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