By on July 16, 2018

There’s a term in Canadian politics — “bozo eruption” — that, according to Wiktionary, refers to the moment when a politician or public figure says something “especially ill-considered and foolish, and which has negative repercussions for that individual and for his or her affiliated group.”

In Tesla CEO Elon Musk’s case, the eruptions seem to be ramping up. Each outburst — be it May’s dismissive earnings call, in which he called analysts’ queries “boring” before taking questions from a YouTuber, or this past weekend’s bizarre assertion that one of the Thailand cave rescuers (and Musk mini-sub disliker) is a pedophile — has a negative, if hazy, impact on the automaker’s stock price.

The most recent utterance didn’t disappoint, but it seems that pissing off Wall Street types is more consequential than accusing international heroes you’ve never met of sex crimes.

Tesla shares fell about 3.5 percent in Monday trading after Musk’s since-deleted Twitter outburst, which seems to have been provoked by British diver Vernon Unsworth’s assertion that the hastily built mini-sub Musk brought to Thailand was useless for the task of rescuing 12 trapped boys from a flooded cave. In a CNN interview published after last week’s harrowing rescue, Unsworth suggested where Musk could shove that sub.

While the stock’s decline erases about $2 billion from Tesla’s market value, May’s combative analyst call was worse. After that incident, Tesla shares fell over 5 percent.

Still, the out-of-the-blue accusation against Unsworth has investors feeling nervous, Reuters reports. The news agency claims a number of analysts and investors have claimed, off the record, that Musk’s comments are “adding to their concerns” about the CEO’s mounting distractions.

With a good number of Tesla Model 3s now rolling out of a tent, those who remain bullish on Tesla want to see all mental energy expended on turning around the cash-losing automaker. This month’s revelation that Tesla just barely squeaked past its end-of-June Model 3 production goal gave many hope, but concerns about sustained production remain. More promises followed this milestone, and those must be kept. Most important is Musk’s assertion that the company will be cash-positive before the end of the year — Tesla needs cash if it plans to go through with the construction of a Chinese assembly plant.

As for the Twitter affair, Unsworth’s wife tells Reuters that the cave diver plans to contact his lawyers upon returning to Britain on July 19th. Neither Musk nor Tesla has issued a comment on the matter.

[Image: Elon Musk/Twitter]

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45 Comments on “Musk’s Latest Bozo Eruption Not As Financially Damaging As the Last (so Far, Anyway)...”


  • avatar
    Hummer

    The cave was a well known child sex trafficking cave, and the rescuer did say he knew the caves very well.

    Maybe Musk knows more information but I’ve read the above through multiple outlets, even our local paper. Sure it doesn’t mean he is in fact a pedo but it may deserve a certain amount of investigation.

    As many pedo rings that have been brought down in the past two years, sadly nothing surprises me.

    • 0 avatar
      TDIandThen....

      Anyone throwing that assertion around without court charges, deserves to spend a night alone naked and greased up, in San Quentin. That is just about the most heinous thing you can accuse someone of. I hope he sues the testes off of Musk before some deranged gun owner tries to get at him in order to “protect the childrens.”.

      • 0 avatar
        pdog_phatpat

        Great post. And I agree because, as we know, the left hate guns and hate the children.

        • 0 avatar
          JimZ

          *cough* https://en.m.wikipedia.org/wiki/Pizzagate_conspiracy_theory

          He’s talking about people stupid enough to believe stuff like that ^

          • 0 avatar
            TW5

            @ JimZ

            It’s not a conspiracy, and if I were you, I’d pay someone to scrub your post from the internet.

            Dennis Hastert was really convicted. In case you are unaware, he’s been friends with the Podestas since the 1960s. Jimmy Saville is not a conspiracy, either. Neither is Roman Polanski or Jeffrey Epstein.

            This isn’t a game. Kids are getting messed up, and you’re cracking jokes about some pizza parlor, which is definitely connected to bad people and bad goings on, regardless of what may or may not be in the basement.

            Pull your head out.

          • 0 avatar
            JimZ

            oh my god, no way.

            “It’s not a conspiracy, and if I were you, I’d pay someone to scrub your post from the internet.”

            LOL.

            I’m not the one posting stupid s**t.

            “which is definitely connected to bad people and bad goings on”

            un.

            f***ing.

            believable.

            what was that thing Mark Twain said? Better to be silent and thought a fool than to speak up and remove all doubt.

    • 0 avatar
      JimZ

      “The cave was a well known child sex trafficking cave”

      Well known to whom, exactly? You know, since you claim to be so familiar with it…

      • 0 avatar
        Hummer

        “Authorities say…” no idea if that means national or locally.

        • 0 avatar
          JimZ

          given your lack of citations, I can only assume these “authorities” exist solely in your mind.

          • 0 avatar
            Hummer

            You do you boo, I don’t have a dog in this fight, I couldn’t care less about Musk and what happens with Tesla. Musk runs multiple big companies he’s smart enough not to get himself into bad positions. I’m just not going to be quick to rush to judgement because he has a lot more information than any of us.

          • 0 avatar
            Hummer

            “Tham Luang Nang Non is a karstic cave complex beneath Doi Nang Non, a mountain range on the border between Thailand and Myanmar. ”
            “Human trafficking in Myanmar. Myanmar is a source country for men, women, and children who are subjected to human trafficking, specifically forced labor and for women and children, forced prostitution in other countries. Children of Myanmar are subjected to forced labor as sellers and beggars in Thailand.”

            Since I’m not going to photocopy my paper and I’m not going to find the source of the original quote since everything online loops source as it does for anything without video evidence now

          • 0 avatar
            sirwired

            @Hummer Reading is Fundamental. Your quotes don’t actually say anything about sex trafficking in this cave, just in this area of Thailand.

          • 0 avatar
            TW5

            @ sirwired

            Clearly the paper mentioned human trafficking in the Thai cave rescue article because there is no relation between the two.

            That is the explanation that makes the most sense.

          • 0 avatar
            sirwired

            @TW5 It was mentioned because some of the boys on the soccer team had families who fled Myanmar, and sex trafficking is a problem among those refugees. It was meant to illustrate what a tough hand these boys had been dealt before this ever happened to them.

            It was NOT mentioned because the cave itself has anything to do with that.

    • 0 avatar
      sirwired

      Yes, a caver being familiar with a large cave complex visited by thousands of people every year is super-suspicious.

      *sarcasm*

      Should we devote “a certain amount of investigation” to everybody who participated in the rescue that was familiar with the site?

      BTW, Googling for stories about sex trafficking and this cave turned up bupkis. Absolutely nothing. That area of Thailand has sex trafficking occurring, and this shows up in stories, but nothing, anywhere, that I could find mentioned the cave itself as part of it. (How would that work? This place isn’t exactly out-of-the way; it had/has a visitor center, parking, etc.)

  • avatar
    Sub-600

    Bozo Eruption, awesome. My favorite American Bozo Eruption occurred on January 19, 2004, no words exactly, just a screeching ”Byyaaahhhh!” The Dean Scream. Game over.

    • 0 avatar
      TDIandThen....

      I imagine you will really like this then: https://fivethirtyeight.com/features/the-dean-scream-what-really-happened/

      • 0 avatar
        30-mile fetch

        That introduces complexity that challenges his views so no, he wouldn’t like it. You’ll see. d’OH!

        I still wonder if Elon is deliberately aping the President here. Trump has had many outbursts that would have been bozo eruptions for anyone else but the negative repercussions didn’t follow with his followers. Duck service in Vietnam yet insult the POW, insult the gold star parents, brag about assault, claim you can shoot people on the street and still have support, make every PR nightmare blunder possible, and still win the GOP nomination. But none of that compares to an edited 10 seconds of Howard Dean responding to an enthusiastic crowd. It’s fascinating even on a purely non-partisan level.

        • 0 avatar
          FreedMike

          I think it speaks to the unbelievably low standards the public has set for its’ elected officials, which, in turn, is a function of the unbelievably low standards elected officials have set for themselves.

          I think a large bloc of people have given up caring. If you care, it’s too painful to see what we’ve become politically.

          (And for the record, I’m not just talking about Trump or Republicans, though they seem to be the major offenders right now. Idiots like Maxine Waters and the “abolish ICE” crowd are equally embarrassing.)

          • 0 avatar
            jkross22

            The inmates have been taking over the asylum for some time. It’s easier for most of us to believe in a made up boogeyman than to look in the mirror and see our inaction, ignorance and detachment as reasons why our choice came to Trump and Clinton.

      • 0 avatar
        ToddAtlasF1

        For some people, crazy is the norm.

    • 0 avatar
      Trucky McTruckface

      In the good old days, we only had to worry about “bimbo eruptions.”

  • avatar
    Lockstops

    Read the new headlines:

    Elon Musk saw troubled young Models and immediately pitched a tent.

    Musk claims he will make money by selling young Models.

  • avatar
    DeadWeight

    What we really need here is JohnTaurus’s input and comments.

    His comments comprise 35% of all total comments for all articles generally, and 56% for Ford-related or Tesla- related articles.

  • avatar
    DeadWeight

    Without 25% to 56% of the comments from JohnTaurus, alone, per article, TTAC wouldn’t be the same.

    That’s a non-judgmental fact.

  • avatar
    SCE to AUX

    In the last 12 months, TSLA is down ~0.2%, F is down ~6.5%, GM is up ~8.7%.

    TSLA dropped 3.5% or more 14 times last year; F did it 4 times and GM 5 times. On the other hand, TSLA rose 3.5% or more 20 times, while F did it 1 time, and GM did it 4 times.

    Newsflash: TSLA is more volatile than F or GM, and essentially flat for the last year, but it’s more fun for TTAC to report the slides, even if they’re meaningless.

    As for TSLA’s CEO: I don’t think his presence there means as much now as it did before. The stock price is more dependent on the company’s performance than it is on his.

    • 0 avatar
      Lockstops

      “As for TSLA’s CEO: I don’t think his presence there means as much now as it did before. The stock price is more dependent on the company’s performance than it is on his.”

      Yeah, a train wreck won’t be influenced much by the engineer anymore.

    • 0 avatar
      Carroll Prescott

      Your point is simply not valid. Ford makes hundreds of times more in profit and sells MILLIONS of vehicles yet it has a far lower stock price; GM is over valued even at the IPO since it was a bankrupt company resurrected to pay the UAW; it should barely be above $10 a share and has continually from 2009 to 2016 failed to beat Ford’s profitabiity.

      Stock price is irrelevant – TESLA is way overvalued. It is a dog and pony show – smoke and mirrors – it has nothing of value other than battery technology.

    • 0 avatar
      Carroll Prescott

      Your point is simply not valid. Ford makes hundreds of times more in profit and sells MILLIONS of vehicles yet it has a far lower stock price; GM is over valued even at the IPO since it was a bankrupt company resurrected to pay the UAW; it should barely be above $10 a share and has continually from 2009 to 2016 failed to beat Ford’s profitabiity.

      Stock price is irrelevant – TESLA is way overvalued. It is a dog and pony show – smoke and mirrors – it has nothing of value other than battery technology.

  • avatar
    Trucky McTruckface

    “Bozo eruption?” I’m not overly impressed by Tesla or Musk, but could you guys be any more in the tank for them to fail?

    • 0 avatar
      EBFlex

      Since when is reporting accurately “in the tank for them to fail”? Frankly they have been failing since day one so there is going to be a lot of stories that don’t paint them in a positive light.

      I mean they build their low quality products in a circus tent, Con Man Musk runs around the factory berating employees, and now he’s calling people pedophiles. I’m failing to see the upside in this.

  • avatar
    carguy67

    I’m an ICE guy myself, but it looks like the Jag iPace just might eat the Model 3’s lunch. A good-looking CUV with dual motors out of the paddock, and I think it’s actually priced less than the 3. Google just grabbed a boatload of them; they may be on to something. I’m thinking this may be a repeat of the Blackberry vs. iPhone saga. NFI.

    • 0 avatar
      SCE to AUX

      “A good-looking CUV with dual motors out of the paddock, and I think it’s actually priced less than the 3”

      Given the choice, I’d take the I-Pace. However, today’s Model 3 starts around $49k, and the I-Pace is around $68k. Similarly equipped, though, they’re similarly priced. Most people compare the I-Pace to the Model X, which is priced much higher.

  • avatar
    schmitt trigger

    Automotive Tycoon’s have been making headlines for foolish reasons for over 100 years now.

    RE: Henry Ford’s “Peace Ship” in 1915.

  • avatar
    Carroll Prescott

    First, Tesla was NEVER worth whatever the stock price indicated; it should have been rated in the mid teens on price since it has done nothing and is not established and is so overextended on its mission – it cannot be a car company, a battery company, intermingle with a space company, a tunnel digging company, and the myriad of other things that are zapping its resources.

    This company is quite frankly overvalued at $20 period.

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