Elon Musk: This Has Been The Most Painful Year Of My Career

Saturday, 18 Aug, 2018

The billionaire electric auto maker, rocket launcher, tunnel digger and insulter of rescue divers sat down for an emotional interview with The New York Times, laying out recent trials and tribulations that led to a 6 percent stock-price drop on Friday for the vehicle company Tesla, which he co-founded and serves as CEO. Musk admitted in a wide-ranging interview with The New York Times that stress is taking a heavy toll in what he calls an "excruciating year".

During the interview, journalists said Musk alternated between laughter and tears as he opened up about his busy work routine and recent controversies.

Musk also spoke about the short-sellers - or those investors betting against Tesla's stock price - that he has very publicly bemoaned. Besides the SEC probe, Musk is facing a reputation stain as a result of his readiness to use Saudi oil money to take Tesla private.

It shocked investors, market analysts and reportedly even Tesla board members who did not see it coming, as well as attracting the attention of regulators.

Elon says that, for time being, he's not going anywhere or leaving his roles as Tesla's chairman and its top executive.

"Weed is not helpful for productivity". Last year, the company only made 2,700 Model 3s, compared with 20,000 predicted by Musk last year. Shares dove 8% Friday morning.

He also claims that Tesla failed to inform investors that thieves stole $37m (£29m) in copper and other raw materials during the first half of 2018, said Mr Meissner.

Musk said he wasn't aware that the search for such an executive was now active, but the Times quoted other sources as saying such a search was indeed underway.

'There were times when I didn't leave the factory for three or four days - days when I didn't go outside, ' he told the paper in an interview where he also dismissed claims he smoked weed. Is there someone who can do the job better?

Tesla CEO Elon Musk presided over the company's SolarCity merger in 2016.

Shares of Tesla initially skyrocketed more than 10% after the announcement of plans to go private, reaching a new record of $389, but have since given up all of their gains in the face of uncertainty that funding has actually been "secured" as Musk promised. Musk said he flew directly from the Tesla Gigafactory and arrived just two hours before the ceremony, after the ceremony he returned immediately to work.

The Times report said board members had raised concerns over his "workload but also about his use of Ambien", a sleeping drug. "They can have the job", Musk was quoted as saying.

Musk acknowledged that no one read his Twitter post before he sent it, but said he did not regret it.

Tesla didn't respond to requests for comment from The Associated Press early today. Is there someone who can do the job better?

The board has stood behind Musk despite some freakish behavior including a tweet labeling a diver who aided in the cave rescue of Thai soccer players as a pedophile. "They can have the reins right now".

Nearly a week later, the CEO said the basis for that statement were conversations with Saudi Arabia's Public Investment Fund, which first expressed interest in helping take the company private in early 2017.