FIRST AIRED: July 18, 2018

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Transcript

00:00:00
>> About a fundamental transformation.>> Tesla CEO Elon Musk apologized on Twitter Wednesday for calling a British diver involved in a Thai cave rescue mission, a pedophile. Musk said he spoke in anger after Vern Unsworth, who played a leading role in the rescue in Thailand, criticized a mini submarine Musks sent to help with the effort.
00:00:23
Saying it was, quote, just a PR stunt. Musk said, quote, I apologize to Mr. Unsworth and to the companies I represent as leader. The fault is mine and mine alone. Reuters Alexandria Sage in on the story.>> Certainly this is not the first time that Elon Musk has been in a little bit of hot water over his tweeting or his public statements.
00:00:47
This is a man who loves to tweet and his tweets are followed by over 20 million followers. In the past he has picked fights with journalists, with regulators. He has in conference calls told analysts that their questions were boring, so this is not the first time. However, this is the first time where you have the potential for defamation here.
00:01:13
>> Earlier this week, Unsworth said he was considering legal action against Musk for a tweet calling him a pedo guy. Musk later say quote, bet ya a signed dollar it's true. In a phone call with Reuters on Wednesday, Unsworth said that while he was aware of Musk's apology, he refused to answer whether he was still considering suing him for libel.
00:01:36
There have been some investors who have said what Tesla needs right now is some peace and quiet. We do not need a tweeting CEO. We do not need these distracting controversies. What Tesla needs to do is to produce its cars efficiently with stability and that's what the focus should be on, not on Twitter.
00:01:59
>> Shares of Tesla initially sank after Musk posted the disparaging tweets, but they have since rebounded.