Elon Musk SPIKES Tesla Stock $5.5 Billion With Worrying Interview!

Elon Musk SPIKES Tesla Stock $5.5 Billion With Worrying Interview!

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

In the interview, Mr Musk revealed he had sacrificed family milestones in the race to meet Tesla production targets, almost missing his brother's wedding where he was best man.

By his own admission, this year has been "excruciating" for Elon Musk.

Asked if exhaustion was physically affecting him, he told The Times: "It's not been great, actually".

The tweet drove up the stock price by 11 percent to $379 per share. His tweet reportedly has also ruffled feathers among Tesla board members, who were unaware of his plans to explore taking the electric carmaker private and are searching to find a chief operating officer or other No. 2 executive to help ease the burden.

Musk told the Times he stands by the tweet.

The drug can cause a series of side effects including a odd combination of sleep walking and amnesia and some board members believe this could contribute to Mr Musk's late-night Twitter seasons, according to The Times.

The 47-year-old is facing mounting pressure and an SEC investigation over a tweet sent last week claiming to have "secured funding" to take Tesla private. 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.

He also said Tesla has moved past its most hard challenges, but "the worst is yet to come" for Musk personally.

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There were multiple reports the US Securities and Exchange Commission was investigating the disclosure, including asking board members what they knew about Mr Musk's plans.

Without that ready access to capital, Tesla investors who would consider keeping their stake in a private Tesla - as Musk has suggested - wonder how Tesla would fund itself as a private company.

After the story published, the Times reported that Tesla contacted the editors to correct Musk's statement about the board.

Alongside that, Musk has been battling journalists and the public at large with Twitter outbursts and thoughts on taking Tesla private as it struggles to manufacture enough Model 3 cars to meet demand.

Musk also hinted about replacing his cars' side mirrors with cameras to improve aerodynamic performance.

Musk admitted in an interview with The New York Times that stress is taking a heavy toll on him.

In one freakish moment in July, Mr Musk labelled a British caver a "pedo" - or pedophile - after the rescuer dismissed the Tesla chief's idea for bringing 12 trapped Thai boys to safety in a miniature submarine. "They can have the job", Musk was quoted as saying. He said: 'It seemed like better karma at $420 than at $419. Is there someone who can do the job better?

The Drive reached out to Tesla for comment about the potential privatization or if there is an ongoing search for someone to take on the COO role, but there has been no response at the time of publishing. "They can have the reins right now", Musk tells the Times.

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