Tesla shares fall after CEO Musk abuses British diver [Reuters]
Tesla, Inc. (TSLA)
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Source: Reuters
Tesla shares fall after CEO Musk abuses British diver | Reuters Reuters Staff 3 Min Read (Reuters) - Shares of Tesla Inc fell 2.75 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week. A number of analysts and investors, requesting anonymity, told Reuters that Musk’s comments are adding to their concerns that his public statements are distracting him from Tesla’s main business of producing electric cars. The stock sell-off knocked almost $2 billion off the company’s market value. Tesla shares closed at $310.10 before rising 1.9 percent in after-hours trading. 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 billionaire entrepreneur’s spat with British diver Vernon Unsworth star
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