Tesla shares plummet after Musk pours heart out to NYT

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But a tweet Musk fired off last week has reportedly made him and the directors the targets of securities regulators, and may force the board to act. "Why would I?" he said.

During a kind of chronology behind the taking Tesla private tweet, for example, he told the newspaper he was thinking that a 20 percent premium over the stock's recent trading price would be a good price to cite in the tweet.

"Weed is not helpful for productivity". Short selling is a method investors use to bet the price of a stock will go down.

Musk told the Times he didn't recall communications from the board and that he "definitely did not get calls from irate directors" after his August 7 tweet that he had "funding secured" to go private. "There's a reason for the word 'stoned.' You just sit there like a stone on weed", he added. "They can have the reins right now", Musk tells the Times.

Yet there may be hope for this billionaire still: Tesla board members are reportedly searching for a No. 2 executive to help take some of the weight off Musk's shoulders, the Times reported.

In the interview published today, Musk basically acknowledged that his tweets had blindsided Tesla's board members.

California-based Tesla has become one of the most valuable automakers on expectations it will disrupt the industry.

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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".

Elon Musk's bombshell interview with The New York Times revealed a number of worrying details about the famous businessman and his companies.

It's clear from the interview that Musk is overworked, and Whiston said the best course may be to bring in another executive to help with day-to-day operations.

In a blog post earlier this week, Musk said that the "funding secured" tweet referred to conversations he had with Saudi Arabia's sovereign wealth fund, which left him believing there was "no question" that a deal could be closed.

Reaction to the Times interview came swiftly on social media, including a comment from television personality Jim Cramer, who says Musk requires "medical leave".

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

The SEC has now issued Tesla with subpoenas in a bid to determine what - if anything - the company's board knew about Mr Musk's tweet before it was sent out, according to financial information site MarketWatch.

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"Mr. Musk said he had no plans to relinquish his dual roles as chairman and chief executive".

Musk said he had agreed not to tweet again about privatisation deal unless he had discussed it with the board, the report said.

Interested in Elon Musk? He flew directly from the Gigafactory to his brother Kimbal's wedding in Catalonia, where was to be best man, arriving two hours before the ceremony, and returned immediately to Tesla headquarters afterward.

Amazingly, Musk seems to think the worst is still "yet to come" as he battles short-sellers who stand to make money if Tesla fails.

If Tesla directors are anxious about Musk - and they should be - here is advice for them: Do your jobs.

Musk said there were times he didn't leave the factory for three or four days at a time and days when he didn't go outside.

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

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The problem is, unlike Papa John's who will afforded the chance to improve their brand without their hapless founder, Tesla needs Musk at his best to compete at the World stage.

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