Tesla Inc (TSLA) Shares in Focus Following Unfortunate CEO Remarks

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is back in the spotlight yet again, and it has absolutely nothing to do with progress or lack of progress being made by the company. Instead, it once again has to do with Musk’s choice of words on social media.

CNBC has the details on what the Tesla honcho said this time around.

Tesla’s stock fell Monday after a British diver involved in the mission to save 12 Thai boys and their soccer coach said he is considering legal action against Elon Musk because the company’s boss labeled him “pedo guy.”

Spelunker Vernon Unsworth had called a submarine crafted by a team of Musk’s technicians a “PR stunt.” Billionaire Musk suggested the vessel — made out of a SpaceX rocket part — could be used to assist rescuers in freeing the soccer team from a flooded cave system in Chiang Rai.

During an interview with CNN, Unsworth expressed his displeasure with Musk’s contribution. “He can stick his submarine where it hurts,” he said. “It just had absolutely no chance of working. He had no conception of what the cave passage was like.”

Unsworth was also less than pleased with Musk’s reply and choice of words, and he hasn’t ruled out considering legal action.

Tesla Inc shares were trading at $309.51 per share on Monday morning, down $9.36 (-2.94%). Year-to-date, TSLA has declined -0.59%, versus a 5.62% rise in the benchmark S&P 500 index during the same period.

TSLA currently has a StockNews.com POWR Rating of C (Neutral), and is ranked #9 of 24 stocks in the Auto & Vehicle Manufacturers category.