Tesla loses $2 bn after Musk calls British rescue diver 'pedo'
Tesla lost around $2 billion in market capitalisation after CEO Elon Musk faced backlash for calling British cave diver, who aided in Thai cave rescue operation, a 'pedo' (pedophile). Tesla shares fell as much as 3.6%, taking its valuation to $52.2 billion. Earlier, the diver said Musk offering a kid-sized submarine to help in cave rescue was a PR stunt.