As Musk admits to job stress, Tesla’s board may have to act

Elon Musk in Chicago

Elon Musk in Chicago

Tesla CEO and Chairman Elon Musk unveiling the Roadster 2 during a presentation in Hawthorne, California a year ago, the billionaire's tweet has sparked debate over the electric vehicle maker's future. In the hour-long interview, where Musk choked up multiple times, he said: "This past year has been the most hard and painful year of my career".

In the interview, he calls the past year "excruciating" and "the most hard and painful year of my career" while also acknowledging that he often relies on Ambien to help him sleep.

Musk, 47, said that he is suffering the effects of dealing with production deadlines for his Tesla auto and the fallout from a federal investigation.

Investors must have gotten unnerved. To recap, Musk tweeted about plans for taking Tesla private at $420 a share (about a 20 percent bump over stock prices at the time), with "funding secured".

Meanwhile, regulators are also looking into the "funding secured" affair after Musk tweeted that he is ready to take Tesla private at a price of US$420 a share and he has already found the money to do so. The Times also reported that members of Tesla's board are concerned with Musk's drug use, notably his use of the sleep aid Ambien, which some believe have contributed to Musk's controversial Twitter statements. He said he fired off his August 7 message on Twitter while driving himself to the airport-without first consulting the board.

Musk said that in late July, he met Saudi Arabian sovereign fund representatives to discuss the electric carmaker's possible exit from the stock market.

"These guys want us to die so bad they can taste it", he tweeted in June 2017, referring to an an Investopedia article that cited a similar report from S3. "Weed is not helpful for productivity", he told the Times.

Samsung Galaxy Note 9 gives power users more of everything
In another tweak, the S-Pen supports Bluetooth LE mode for certain functions, as a remote controller for presentations or selfies. Fortnite Mobile will be exclusively on the Samsung Galaxy Note 9 and Samsung Galaxy Tab S4 for the first 30 days after launch.

In the newspaper's account of the interview, published Friday, Musk said he was working up to 120 hours a week and sometimes takes Ambien to get to sleep.

Musk admitted in an interview with the Times that the stress of running Tesla has affected his health.

Tesla seems to finally be getting its biggest technical challenge under control: Model 3 production.

Tesla bulls are counting on Musk to exponentially raise production, leading to long-term profits. But in the interview, he demonstrated an extraordinary level of self-reflection and vulnerability, acknowledging that his myriad responsibilities are taking a steep personal toll. "They can have the job", Musk was quoted as saying.

In a separate report, The Wall Street Journal said securities regulators had been investigating if Tesla misled investors about Model 3 production problems. "Is there someone who can do the job better?" "I$3 f you have anyone who can do a better job, please let me know", he told the Times.

Musk says in a blog posted Monday that most of the funding would be in stock rather than debt.

And, earlier this year, Musk tweeted that "most people don't know this, but comets [are] mostly made of cocaine".

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