Elon Musk Breaks Down During Interview

Tesla Gigafactory thefts whistleblower

"It's a drama we shouldn't be watching".

Musk, Tesla's chief executive officer and chairman, typed the tweet as he drove himself to the airport on August 7, the newspaper says, citing Musk. Is there someone who can do the job better? "They can have the job", Musk was quoted as saying. "They can have the reins right now", Musk tells the Times.

At midday, the trend line for Tesla's stock was excruciating as well, registering an 8 percent drop to around $308 a share. So short-sellers only benefit when the company - and Musk himself - fails.

Tesla's investors, captivated by the electric auto maker's future growth prospects, have ignored its rickety finances.

Musk is the CEO and controlling shareholder of the rocket company.

The interview follows a pattern of freaky behavior from the billionaire.

After the story published, the Times reported that Tesla contacted the editors to correct Musk's statement about the board. His professional reputation has been in a bit of a tailspin since the whole Thai submarine situation, and it all came to a head last week with the seemingly insane announcement he was taking Tesla private at the inherently humorous price of $420 a share.

In Friday afternoon trade, Tesla shares were down almost 9 percent to $305.49. Last week, he revealed a push to take the company private in an unusual series of tweets that has reportedly prompted an SEC investigation.

The subpoena signals regulators are investigating if Musk was telling the truth in his tweet about have financing locked up for a deal that analysts have estimated would require $25 billion to $50 billion.

But the personal cost appears to have taken a toil on Musk.

Musk told the Times that board members had not complained to him about his tweet. "It is often a choice of no sleep or Ambien", he told the Times.

Tesla has spent millions as it reached a goal of producing 5,000 Model 3 sedans per week by the end of June.

At a normal company, Musk would have been replaced already, Elson said. "But from a personal standpoint, the worst is yet to come".

The New York Times report said efforts are underway to find a No. 2 executive to help take some of the pressure off Musk, people briefed on the search said. He suggested replacing Musk as CEO and keeping him on as a visionary chief technical officer.

Of the physical toll his job is taking, he said: "It's not been great, actually".

He claimed the DEA said a Tesla employee may have been selling cocaine and crystal methamphetamine inside of its Nevada factory on behalf of a Mexican drug cartel. Instead, he or she would form a team to work overnight and solve problems.

Taken unawares, the firm's board said this week that it has formed a special committee to consider going private. It later disclosed that Musk had talked with the Saudi Arabia government investment fund about the deal. Musk blames short-sellers for much of his stress, stating that he was bracing for "at least a few months of extreme torture from the short-sellers, who are desperately pushing a narrative that will possibly result in Tesla's destruction". Whether it's electric cars or rocket science, Musk seems to have an fantastic grasp of complex technological issues.

Related news:

Hot News

isis-killer-beheading-video-story-top Listen to Ariana Grande's Song 'Pete Davidson' & Read Lyrics!
Aug 17, 2018 - 23:44
Twenty two people were killed in the attack, and all were fans who had attended the show. Grande's album Sweetener is out today.

isis-killer-beheading-video-story-top Foles: No beef with Brady over Super Bowl handshake snub
Aug 17, 2018 - 23:16
One of the first things Patriots coach Bill Belichick said after the game was that he liked the energy with which Davis played. The NFL Network tweeted a video of Jenkins coming out for the warm-up wearing a shirt that said: "YOU AREN'T LISTENING".

isis-killer-beheading-video-story-top The Turkish lira tumbles to 5.86 over threat of more U.S. sanctions
Aug 17, 2018 - 22:40
On Thursday, Trump tweeted: " Turkey has taken advantage of the United States for many years". "U.S. Turks expected Trump to create an obstruction to this conspiracy, yet we see he too has joined it.

isis-killer-beheading-video-story-top North, South Korean leaders to meet again
Aug 16, 2018 - 14:59
Cho did not say if North Korea had raised the case of the restaurant workers on Monday, merely saying it had not brought up new issues.

isis-killer-beheading-video-story-top Worst flood in a century kills 43 in India's Kerala
Aug 16, 2018 - 12:27
Flights from Dubai and Abu Dhabi to flood-hit Kochi have been grounded after the airport serving the Kerala city was closed. Kochi-Doha-Kochi flights operated by various airlines will be affected due to the flooding of the runway at the airport.

isis-killer-beheading-video-story-top Twitter temporarily restricts conspiracy theorist Alex Jones' account
Aug 16, 2018 - 12:00
But after CNET pointed that out to Twitter, the platform reportedly suspended the InfoWars Periscope account as well. In recent weeks, tech companies have had to wrestle with their handling of Jones and his inflammatory posts.

isis-killer-beheading-video-story-top Omarosa feud rooted in her allegations of racism
Aug 16, 2018 - 08:14
The White House Council of Economic Advisors also apologized for the mistake, saying there was a "miscommunication" with Sanders . In a morning tweet, Mr Trump praised his chief of staff, John Kelly , for firing Ms Manigault Newman past year .

isis-killer-beheading-video-story-top Pregnant reality star, Lyric McHenry found dead of apparent overdose in NY
Aug 16, 2018 - 02:33
According to the Daily News , a small Ziplock bag of cocaine was found on McHenry , and police suspect she died of an overdose. Authorities said that McHenry was found wearing a pajama top and underwear, but no trousers , the Daily Mail reported.

isis-killer-beheading-video-story-top Turkey doubles tariffs on some USA imports over economy "attacks"
Aug 15, 2018 - 21:41
The second is that Erdogan would have to bury his hatchet with the United States, which remains the IMF's largest shareholder. Neither the White House , Turkey's Ministry of Foreign Affairs nor Apple immediately responded to a request for comment.

isis-killer-beheading-video-story-top Manchester United lack quality to challenge for title - Scholes
Aug 15, 2018 - 21:34
Former Real Madrid head coach Zinedine Zidane has reportedly been lined up for a shock move to the English Premier League. The report claims that the former Juventus midfielder is especially keen on managing Manchester United .

isis-killer-beheading-video-story-top Stokes back for England after not guilty verdict
Aug 14, 2018 - 22:40
England cricketer Ben Stokes walks out of Bristol Crown Court during a lunch break where he is on trial accused of affray . He said CCTV footage from just before the fight showed he was "not behaving in a drunk way".

isis-killer-beheading-video-story-top Danny Murphy makes Man United prediction about Jose Mourinho
Aug 13, 2018 - 23:28
Pogba replied: "There are things. and then there are things that I can not say otherwise I will get fined". That's all I say. " Michael Carrick was also captain", Pogba said .

isis-killer-beheading-video-story-top Mexico the Focus of the WH NAFTA Redux, Canada on Hold
Aug 13, 2018 - 23:27
Of course, the trade talks are only bilateral at this time because Canada is not included in the talks between the USA and Mexico. In fact, the U.S. government decided in June to end the exemption from steel and aluminum tariffs from the EU, Canada and Mexico.

isis-killer-beheading-video-story-top Donald Trump: White House Staff Hated 'Wacky Omarosa'
Aug 13, 2018 - 22:35
The White House , however, is making it clear that the charges being made by the former aide should be taken with a grain of salt. Sure, it's going to look retaliatory, but at this point it couldn't look worse than it is at the moment for the White House .

isis-killer-beheading-video-story-top Sevilla vs Barcelona: Dembele wins Spanish Super Cup for LaLiga champions
Aug 13, 2018 - 21:55
However, Barcelona struck just before half-time after a free-kick by Messi hit the post before Gerard Pique converted the rebound. Barcelona won both competitions last season so have been pitted against last season's cup runners-up this weekend.