Investors have hit the stock market as they digest allegations of sexual harassment against CEO Elon Musk.
On Thursday, Business Insider reported that SpaceX paid ফ্ল 250,000 to a flight attendant in 2018 to settle claims that in 2016, Musk revealed himself to her and indicated that he would pay her for sex.
The Business Insider article states that its account was created based on a declaration signed by a friend of the flight attendant, prepared as part of his misconduct claim, emails between the attendant and the friend, and other records shared with the friend’s publication.
Business Insider interviewed the friend, but the flight attendant declined to comment. The settlement prevents flight attendants from negotiating payments or disclosing any agreement regarding the mask or its business, the article said.
SpaceX did not respond to requests for comment, but Musk was seen denying the allegations, saying in a tweet on Friday that “for the record, these wild allegations are completely untrue.” He also called the article a “hit piece” that was intended Intervention With his potential purchase
A spokesman for Business Insider said, “We are on the side of our story, which is based on documents and interviews and which speaks for itself.” Baron’s Did not independently confirm its reporting.
The stock (TSLA) fell 6.4% to $ 663.9, while
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SpaceX is held privately. Tesla, meanwhile, was considered by some investors to be a real-life risk – a risk that a company could suffer as a result of the loss of an individual. Musk is, perhaps, the most valuable CEO of a company anywhere.
“Tesla is Elon Musk,” Roth Capital analyst Craig Irwin told the Barons in April, shortly after Musk made a hostile bid for Twitter. Tesla, which has no public relations office, did not respond to a request for comment on its reliance on the mask or any management-success plan.
Tesla stock fell 3.9% on the day Musk announced its unfavorable offer for Twitter. The S&P 500 was down 1.2% on the same day. At the time, investors were worried that trying to buy Twitter would confuse Mask because he runs Tesla, SpaceX, Boring Company and Neurallink.
“While the Twitter situation does not theoretically affect Tesla’s basic story, it is difficult for Mask to ignore the risk of confusion (perception of reality).” Wadebush analyst Dan Ives wrote in a research report on Thursday, before the Business Insider article was published. The deal “comes at a time when the worst supply chain crisis seen in the modern history of the Tesla ecosystem is no longer needed,” he said.
On Friday, Mask tried to allay fears that he might be confused. He said in a tweet that Twitter was taking less than 5% of his time.
With Friday’s fall, Tesla’s stock is now down 42% since Musk’s initial Twitter share was released in early April. The S&P 500 is down about 15% in the same span.
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