Tesla's stock falls sharply after Elon Musk's tearful interview

There's cocaine in them thar hills

The summary also says Hansen, "was told these tactics were specifically authorized by CEO Elon Musk", and implemented by the company's security team.

Musk said on Monday that the manager of Saudi Arabia's sovereign wealth fund had voiced support for the company going private several times, including as recently as two weeks ago, but also said that talks continue with the fund and other investors. It also featured a candid Musk discussing what he says has been the worst year of his life. I've had friends come by who are really concerned'. "Funding secured." Tesla shares rose following the tweet but the CEO's statement that he had funding secured came under scrutiny.

But the South African-born Musk has appeared to fray under the pressure in recent months.

The complaint sent to the SEC comes amid intense focus on the company and Chief Executive Elon Musk, whose tweets about taking the company private last week set off a scramble to determine whether he violated securities law in stating that funding for the deal was "secured". He offered no concrete details on a proposed strategy, but specified a buyout price of $420.

The 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.

Some company directors have expressed concern about Mr Musk's workload, as well as his use of the sedative Ambien, the paper said.

"If you have anyone who can do a better job, please let me know", is the Elon quote the interview ends with. The article quoted one source as saying some board members are anxious that Musk is tweeting on Ambien, and referred to concerns about occasional recreational-drug use.




"There were times when I didn't leave the factory for three or four days - days when I didn't go outside", he said.

For everyone keeping score, Elon's recent troubles - majority of his own making - having included blasting a rescue cave diver as a "pedo guy" on Twitter; dismissing analyst questions during an earnings call as "boneheaded"; and the seemingly ill-thought out privatization tweet, to name a few. "You can love the company, you can love Musk and hate having him be the CEO at this point".

The Tesla board also briefly sought out a strong No. 2 to Musk - but has given up on that endeavor, according to the Times report.

On Thursday, Reutersreported that a former employee fired from Tesla's Gigafactory filed a new whistleblower lawsuit alleging that the company spied on employees and did not disclose to investors a theft of $37 million in copper and other raw materials. "They can have the job", Musk was quoted as saying. But much of it comes from Musk's own pronouncements, such as lofty goals for production of cars or turning a sustained profit starting this quarter, that might be beyond reach.

He blamed investors who are betting on the decline of Tesla's value as the cause of much of his stress, accusing them of "desperately pushing a narrative that will possibly result in Tesla's destruction".

Now, Tesla's board is apparently trying once more to recruit a chief operating officer to take some of the pressure off of Musk.

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