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Elon Musk Apologises to UK Diver for Calling Him a ‘Pedo’

He also said that he would like to see "peace, quiet and execution" at the electric car company

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Elon Musk, tesla, tunnel
AI could be first 'resident' of Mars, hints Musk. (Wikimedia Commons)

Bowing to pressure from investors amid falling Tesla stock, Elon Musk on Wednesday apologised to famed British cave explorer Vern Unsworth for calling him a “pedo” after he saved 12 boys and their coach who were trapped in a cave in Thailand.

Unsworth had dismissed the “mini-submarine” idea from Musk to save the boys, called it a “PR stunt” to which, Musk reacted in a bizarre way.

“Nonetheless, his actions against me do not justify my actions against him, and for that I apologise to Mr Unsworth and to the companies I represent as leader. The fault is mine and mine alone,” Musk tweeted.

“My words were spoken in anger after Mr Unsworth said several untruths and suggested I engage in a sexual act with the mini-sub, which had been built as an act of kindness and according to specifications from the dive team leader,” the Tesla CEO further tweeted to a user.

Earlier, Musk’s Twitter posts sparked backlash from shareholders and Silicon Valley analysts, who called his behaviour “immature and an impediment to the car company’s success”, The Guardian reported.

The company saw “the end of carbon as essential” but, was “frustrated that the real steps towards this are being overshadowed and undermined by this saga,” James Anderson, a partner at Baillie Gifford, Tesla’s fourth-largest shareholder, was quoted as saying.

Elon Musk
Elon Musk apologised to famed British cave explorer Vern Unsworth for calling him a “pedo”

Anderson said he agreed with some of Musk’s past remarks calling out critical analysts, “but this is different. We are in contact with the company and we are hopeful that it is being taken with due seriousness.”

He also said that he would like to see “peace, quiet and execution” at the electric car company.

If Musk’s behaviour did not change, “it could have a dramatic negative impact on the company. It has to start with an apology,” Gene Munster, Head of research at Loup Ventures, a venture capital firm, was quoted as saying.

Twelve boys and their football coach were rescued from the Tham Luang cave complex last week by an international team after a week-long intense drama.

Musk has faced increasing scrutiny in the past few months over his bizarre tirades on Twitter and his aggressive attacks on journalists, regulators and other critics.

Also read- Why Elon Musk has Suddenly Gone Ballistic on Twitter

The scandals come amid continuing complaints about workplace safety and a struggle to meet production goals at Tesla. (IANS)

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Tesla Posts Massive $702 Million Loss Last Quarter

The SEC said funding has not been secured, and has accused Musk of misleading investors

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Tesla announced that it has lost $702 million in the last quarter, while the Elon Musk-owned electric car company’s revenue was also down 37 per cent compared to the previous quarter, the media reported.

In its announcement on Wednesday, the company said it expected its sales figures to look much better next quarter, adding that it encountered “many challenges” ramping up deliveries of the vehicles abroad, but confirmed those issues should be smoothed over soon and a major sales bump could be on the way, CNN reported.

Musk said during a conference call with investors on Wednesday that the last quarter may have been rough, but Tesla has a rosy outlook. Demand for all three of Tesla’s electric vehicle models is strong, he said.

“We also have a lot of markets (abroad) where we haven’t yet tapped into demand, especially the Model 3,” the billionaire businessman said.

Tesla revealed earlier this month that it delivered about 63,000 vehicles to customers in the first three months of 2019 – a 31 per cent drop compared to the prior quarter, and the single largest decline Tesla has ever reported.

Slowing sales are bad news for Tesla because the company needs cash in order to pay down its sizable debts, according to analysts.

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A Telsa car recharges at a Tesla charging station in Charlotte, N.C.. VOA

Tesla said it ended last quarter with $2.2 billion of cash on hand, which the company had earlier described as “sufficient”.

Company stocks dipped slightly after earnings were released, but later edged back to even.

It had posted back-to-back profits in the previous two quarters. Last quarter, for example, Tesla recorded a profit of $139 million on sales of $7.2 billion.

Also Read- People of Lao Find Social Media For News Most Trustworthy

Meanwhile, Musk has been in a standoff with the US Securities and Exchange Commission ever since he tweeted that he was “considering” taking the automotive company private last year, and that he had secured funding.

The SEC said funding has not been secured, and has accused Musk of misleading investors. (IANS)