Tesla CEO Elon Musk says that no colleagues from Tesla signed off on last week's tweet about his plan to take the electric vehicle company private prior to the tweet's posting, per a New York Times report published on Thursday.
Musk told The New York Times how he spent his birthday holed up in Tesla's offices as the company raced to meet production deadlines, and almost missed his brother's wedding in the summer.
Musk said: 'This past year has been the most hard and painful year of my career.
Investors must have gotten unnerved.
Freaked out by Elon Musk's exuberant tweets Tesla board is lawyering up Three board members of electric carmaker Tesla are reportedly hiring attorneys to tackle potential impact from repeated claims issued by CEO Elon Musk on possible privatization of the struggling company.
Nearly a week later, the CEO said the basis for that statement were conversations with Saudi Arabia's Public Investment Fund, which first expressed interest in helping take the company private in early 2017.
Tesla executives have expressed concern at Elon Musk's use of the sleeping pill Ambien, reportedly suggesting it could account for his erratic tweeting and odd behaviour.
Mr Musk opened up to the newspaper about the personal toll he says he has endured, working marathon hours trying to ensure that deadlines are met, with Tesla ramping up production of its crucial Model 3 sedan. The decline in Tesla shares since the executive floated the idea suggests investors are skeptical he can pull it off, analysts say. "They can have the reins right now". "If you have anyone who can do a better job, please let me know", Musk told the Times, adding: "They can have the job". And despite the furor of the past two weeks, efforts to attract additional talent have not changed or intensified since the tweet, the person said.
But the paper said he later told them through a spokesperson that Antonio Gracias, Tesla's lead independent director, had in fact contacted him to discuss the Twitter post. "But I was not on weed".
However, some board members have said it does not help him sleep but contributes to his late-night Twitter sessions, which often get him in trouble. "Why would I?" he said.
"It's not been great, actually", Musk told the Times. Last year, the company only made 2,700 Model 3s, compared with 20,000 predicted by Musk last year.
Investors betting against Tesla raked in about $1 billion on Friday, according to data from the analytics firm S3 Partners. Rather than celebrating with friends or family, Musk said he was holed up at Tesla's offices for a full 24 hours, overseeing the delayed production on the Model 3.
Musk's revealing interview, and the subsequent reports about Tesla, gave the internet a lot of material for jokes and reactions.
The interview and other actions, Gordon said, are signs that Musk no longer can handle the CEO job.
Amid mounting questions about such a deal, Musk said that Saudi Arabia's Public Investment Fund had expressed interest in participating. 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.
Musk accurately predicted the pinch from Tesla's shorts isn't over yet.