Tesla Stock Drops As Elon Musk Unloads On 'Excruciating' Year


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".

You can read Musk's entire interview at this link. Musk is the public face of, and driving force behind Tesla and investors have stuck with the eccentric billionaire despite a number of controversies.

"It's not been great, actually", Musk told the Times.

The company did not comment on that report, but it did say it was forming a special committee to evaluate proposals to take the company private.

"These guys want us to die so bad they can taste it", he tweeted in June 2017, referring to an an Investopedia article that cited a similar report from S3.

Speaking to The New York Times, Elon Musk revealed the task of running Tesla had placed an huge strain on his personal life and physical health. In the interview, Musk said he has been working 120 hours a week as Tesla tries to fix production problems with its much-anticipated Model 3, a auto that is intended for the mass market and is critical for the electric vehicle company's future.

Musk tweeted on August 7 that he had "funding secured" to take Tesla private at $420 per share.

Tesla executives have tried for some time to recruit a Chief Operating Officer, a second in command that could hopefully keep Musk under control, but so far have failed to find anyone.

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Tesla CEO and Chairman Elon Musk unveiling the Roadster 2 during a presentation in Hawthorne, California previous year, the billionaire's tweet has sparked debate over the electric auto maker's future.

It's clear from the interview that Musk is overworked, and Whiston said the best course may be to bring in another executive to help with day-to-day operations.

Musk stood by his tweet last week saying he might take Tesla private.

The Times interview puts board members in a hard position because Musk, who entered Tesla as a major investor and built the company into a force that has changed the perception of electric cars, is the company's public identity. "There were times when I didn't leave the factory for three or four days - days when I didn't go outside", he said. They can have the job. Musk has been known to post drug-related content on Twitter, so many speculated the tweet that announced the $420 per share stock price could have referenced marijuana.

The step, which had been widely-covered by global media, was expected to evoke even more troubles for the electric vehicles manufacturer if it became clear that Musk meant to temporarily boost the company's stock to force losses on short sellers. "Is there someone who can do the job better?"

On Monday, Mr Musk explained in a blog post that his much-scrutinised statements about financing were based on his conversations with Saudi Arabia's sovereign wealth fund and other investors.

Elon Musk hasn't been quiet about his disdain for short sellers, or those investors betting against Tesla's stock price.