First crack at Musk could give top Tesla funds an edge

NewsGeneralRead Whistleblower claims cover-up of illegal activities at Tesla Gigafactory
By Robin Leigh Chetty

NewsGeneralRead Whistleblower claims cover-up of illegal activities at Tesla Gigafactory By Robin Leigh Chetty

On the tweet where Musk said he was considering taking Tesla private, which is now being investigated by the SEC, he said it was an attempt at transparency.

The company's stock was also under pressure after UBS analysts said in a research note that the carmaker's premium Model 3 sedan will not produce better profit margins than a conventional BMW.

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".

According to The Times, an emotional Musk "choked up" at points during the interview, as he recounted what he called "the most hard and painful year of my career".

The newspaper reported that Musk had "alternated between laughter and tears" in the interview and said he had not taken more than a week off work since 2001. Musk agreed not to tweet again on Tesla's possible privatization without discussing it with the board, the spokeswoman said. Rather than put him to sleep, the drug has sometimes led Musk to spend his nights on Twitter, worrying some board members, the newspaper said, citing a person familiar with the board's thinking.

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You can get the idea of the plight of Elon Musk from his statement- "The worst is over from a Tesla operational standpoint".

Musk is the CEO and controlling shareholder of the rocket company. His professional reputation has been in a bit of a tailspin since the whole Thai submarine situation, and it all came to a head last week with the seemingly insane announcement he was taking Tesla private at the inherently humorous price of $420 a share.

Musk denied knowledge of the search for a No. 2 and challenged his interviewers to name a better leader for Tesla: "Is there someone who can do the job better?" But I was not on weed, to be clear'.

He said he wrote the tweet on the way to airport, saying: 'It seemed like better karma at $420 than at $419.

In a statement to The Times that Tesla attributed to the board of directors, the company criticised what it called "false and irresponsible rumours" about the board's discussions.

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"Weed is not helpful for productivity".

They include the theft of copper and other raw material valued at more than $37 million, widespread wiretapping and hacking of Tesla employee cell phones and computers and a recent internal investigation of a May 24 written notification from the U.S. Drug Enforcement Agency and Storey County Sheriff's Office alleging that a Tesla employee may be participating in drug trafficking with a Mexican cartel. "If the board does not get him out of this slot at a minimum on a leave of absence basis, I think the board is going to be seen by a lot of people who love the company as being derelict in their duties", Gordon said Friday. 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.

Musk continues to have an unhealthy obsession with short sellers of Tesla's stock.

'It is often a choice of no sleep or Ambien, ' he told the New York Times.

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