Published: Fri, August 17, 2018
Economy | By

Tesla's Elon Musk works 120 hours a week, uses Ambien to sleep

Tesla's Elon Musk works 120 hours a week, uses Ambien to sleep

"The special committee has not yet received a formal proposal from Mr. Musk regarding any Going Private Transaction nor has it reached any conclusion as to the advisability or feasibility of such a transaction", the committee's statement read.

The newspaper said that in response to questions for its article on the interview, Tesla issued a statement from its board, excluding Mr. Musk, that said "We would like to make it clear that Elon's commitment and dedication to Tesla is obvious".

It's all taking quite the personal toll on Musk, he revealed in an emotional interview with the New York Times on Thursday.

Hansen said that he told Tesla on June 12 that he had "corroborated connections between certain Tesla employees at the time and various alleged members of the Mexican drug cartel identified in the DEA report as located in Mexico, that he urged Tesla to disclose his findings to law enforcement and to the DEA task force, but that Tesla refused to do so and instead advised him that Tesla would hire "outside vendors" to further investigate the issue".

He admitted he relied on mediation to help him sleep, saying: 'It is often a choice of no sleep or Ambien'.

One funding possibility being considered for the potential privatisation is for Musk's rocket company SpaceX to help bankroll the deal and take a stake in Tesla, The New York Times said, citing people familiar with the matter.

Musk said while he's committed to being Tesla's chairman and CEO, he asked the interviewers if they have anyone that could do a better job to "please let me know". In fact, it may be more accurate to say he has had the worst two or three months you could imagine, ignoring for a moment the fact that regardless of what happens he still has billions of dollars.

'This has really come at the expense of seeing my kids.

He said that he wanted to offer a roughly 20 percent premium over where the stock had been recently trading, which would have been about $419. There's a reason for the word 'stoned.' You just sit there like a stone on weed'.

In the interview, Musk stood by his August 7 tweet saying he had secured funding to take Tesla private in a deal that could be worth more than $20 billion.

In a separate report, The Wall Street Journal said securities regulators have been investigating if Tesla misled investors about Model 3 production problems.

Nearly a week later, the chief executive said the basis for that statement was conversations with Saudi Arabia's Public Investment Fund, which first expressed interest in helping take the company private in early 2017. Tripp told Business Insider that Tesla used batteries with puncture holes in vehicles meant for consumers, among other claims, and, in his tip with the SEC claims the company overreported production of its Model 3 sedan by up to 44%, according to The Washington Post.

The billionaire apologised after coming under scrutiny for calling one of the divers involved in rescuing a Thai soccer team from a flooded cave, a "pedo".

Musk, in a company-wide email, accused an unnamed Telsa employee of "quite extensive and damaging sabotage to our operations".

The interview and other actions, Gordon said, are signs that Musk no longer can handle the CEO job.

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