After Xi Jinping's Dinner Departure and APEC Absence... What Happened to Musk?

Controversy After Agreeing with 'Banyudaejuui' Post
Some Suggest 'Starship Test Flight' as Reason
Tesla Plummets 3.81% Alone Despite Nasdaq Rise

Elon Musk, CEO of Tesla, did not attend the CEO Summit dialogue scheduled in San Francisco, USA, where the Asia-Pacific Economic Cooperation (APEC) summit is being held.

Musk abruptly skips APEC CEO Summit... Climate envoy fills the vacant seat

[Image source=Yonhap News]

On the 16th (local time), the event organizers stated, "Due to a schedule change, Musk will not be able to attend the 2023 APEC CEO Summit," adding, "He said he would participate remotely, but we decided that all speakers would participate in person. We look forward to having him join us at future APEC CEO Summits."

Originally, Musk was scheduled to discuss the future of artificial intelligence (AI) with Salesforce CEO Marc Benioff during the afternoon session of the CEO Summit program that day.

John Kerry, the U.S. President’s Special Envoy for Climate, filled Musk’s vacant seat that day.

The reason for Musk’s sudden schedule change is unknown, especially after he briefly appeared and quickly left the dinner for U.S. businesspeople hosted by Chinese President Xi Jinping the previous day. This is an unusual move compared to the fierce competition among companies to secure tickets for the dinner with President Xi.

'Antisemitism' controversy? Some speculate it may be related to Starship test flight launch

[Image source=Reuters Yonhap News]

His schedule change came shortly after a controversial post on his social media (SNS).

On the 15th, Musk commented in agreement on a post related to 'antisemitism.'

A user wrote, "The Jewish community claims that hatred against them must stop, but they are inciting such hatred against white people," to which Musk replied, "You spoke the actual truth."

This appeared as if he agreed with a post implying antisemitism, sparking controversy. Musk did not stop there and also mentioned the Anti-Defamation League (ADL), a nonprofit Jewish organization.

He said, "This does not apply to the entire Jewish community, nor is it limited to the ADL," and criticized, "Although the majority of the West supports Jews and Israel, the ADL unfairly attacks the majority of the West."

Previously, Musk had clashed with the ADL, claiming that pressure from the ADL on advertisers caused a 60% drop in advertising revenue for X (formerly Twitter) in the U.S.

Some speculate that Musk’s schedule change is related to his space company SpaceX’s decision to postpone the second test flight launch of Starship, originally planned for the morning of the 17th, by one day. Starship is a spacecraft developed with the goal of sending people and cargo to the Moon and Mars.

Nasdaq, MS, Apple rose... but Tesla 'plummeted,' claims point to Musk's 'mouth'

[Image source=Pixabay]

Meanwhile, Tesla’s stock price in the U.S. plunged 3.81% that day, leaving shareholders dismayed.

While the Nasdaq index rose 0.07%, and big tech companies such as Microsoft (MS) and Apple increased by 1.8% and 0.9% respectively, Tesla’s stock price notably dropped sharply.

Locally, this was attributed to Musk posting content that appeared to support an 'antisemitic conspiracy theory.'

In the past, there have been several incidents where Musk’s 'mouth' caused stock price turmoil, such as when he posted about considering Tesla’s delisting or proposed selling 10% of his Tesla shares, leading to sharp stock price declines.

This content was produced with the assistance of AI translation services.