Elon Musk Opens up About the "Excruciating" Year He's Had

18 August, 2018, 01:26 | Author: Donna Miller
  • Tesla Model X 100d 2

Tesla CEO Elon Musk has given a wide-ranging interview to the New York Times in which he opened up about the struggles he has dealt with in the past year.

Musk later explained that his claim was based on repeated and ongoing conversations with the Saudis and tweeted the names of financial and legal advisors he said he was working with on the proposal to take Tesla private.

Musk also took a swipe at short-sellers who bet against Tesla's stock value and whom he says are "desperately pushing a narrative that will possibly result in Tesla's destruction".

Musk also spoke about the short-sellers - or those investors betting against Tesla's stock price - that he has very publicly bemoaned. That boosted share prices to almost $380, but also spurred questions about Musk's Twitter comment that the funding for the maneuver had been "secured".

"Weed is not helpful for productivity".

The news sent Tesla shares soaring so much that trading was suspended in NY.

"The worst is over from a Tesla operational standpoint", he said.

Asked if he regretted it, he said: "Why would I?"

I kept thinking about that 17 year stretch with no extended time off since 2001: that goes back before SpaceX, before Tesla, obviously before The Boring Company.

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"'There were times when I didn't leave the factory for three or four days - days when I didn't go outside".

'Is there someone who can do the job better?

Though Musk says that his tweeted ultimatum was definitely intentional, and that he has secured to funding to make it a reality, he understood that the 420 reference might make people assume the billionaire - who is known for being a bit of a troll - was joking.

To help sleep, Musk sometimes takes Ambien, which concerns some board members, since he has a tendency to conduct late-night Twitter sessions, according to a person familiar with the board the New York Times reported.

For more about Musk's state of mind, including the reason he settled on $420 as the target price for a buyback of Tesla shares, check out the Times interview. But much of it comes from Musk's own pronouncements, such as lofty goals for production of cars or turning a sustained profit starting this quarter, that might be beyond reach.

The board has stood behind Musk despite some weird behavior including a tweet labeling a diver who aided in the cave rescue of Thai soccer players as a pedophile.

"They can have the job".

Although Musk and Tesla have been dogged by production issues for months, often requiring him to sleep at his production facility, his problems ratcheted up last week when an ill-advised tweet triggered a federal investigation. Is there someone who can do the job better? It later disclosed that Musk had talked with the Saudi Arabia government investment fund about the deal. "They can have the reins right now", stated Musk. The SEC is reportedly investigating Musk's tweet and had already been looking into Tesla's Model 3 production troubles.

Board members, lawyers and the bankers who get overpaid to rubber-stamp the initiatives of impetuous guys like Musk are understandably miffed that they weren't consulted, before he tweeted the world about going private.

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