In a series of tweets Tuesday night, the Tesla CEO said that he "spoke in anger" and that he should not have branded the diver a "pedophile."
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The apology came after the diver, Vern Unsworth, accused Musk of orchestrating a PR stunt by sending a small submarine to help divers rescue the 12 soccer players and their coach.
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The incident caused investors to sell off Tesla stock.
Unsworth said he is considering legal action.