Tesla stock loses billions after Elon Musk reveals ‘excruciating’ year

Elon Musk: This has been 'the most difficult and painful year of my career'

Elon Musk: This has been 'the most difficult and painful year of my career'

The newspaper said Musk alternated between laughter and tears during the interview in which he said he was working up to 120 hours a week and sometimes takes Ambien to get to sleep.

"If your plan is to take this company private, out of the public eye and the regulatory eye of the SEC, then people who have a fiduciary responsibility to their investors have to feel comfortable about the situation, and the New York Times article makes that harder", said Mike O'Rourke, chief market strategist at JonesTrading.

He also described his use of the drug Ambien to sleep, a topic he's talked of before. 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.

The drug can cause a series of side effects including a unusual combination of sleep walking and amnesia and some board members believe this could contribute to Mr Musk's late-night Twitter seasons, according to The Times.

He went on to say he's constantly exhausted because of his workload and it's compromised his health. It would seem his insane 120-hour work weeks are taking their toll.

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Last week, Musk tweeted that he was "considering taking Tesla private at $420". 2001, when he had malaria. His 47th birthday on June 23 was spent holed up for 24 hours in the Tesla battery plant - dubbed the Gigafactory. "All night - no friends, nothing", he said, struggling to get the words out.

And there was this ominous statement.

Following the wedding, he flew straight back to Tesla headquarters, and told the newspaper that he thought the worst was over when it came to Tesla's production headaches, but from a "personal pain standpoint, the worst is yet to come".

Of the physical toll his job is taking, he said: "It's not been great, actually". I've had friends come by who are really concerned'.

Musk's revelation, in a Thursday interview with The New York Times, came as government regulators are reportedly investigating whether his recent out-of-the-blue tweet about taking Tesla private violated disclosure requirements.

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In the wake of those and some other recent high-profile gaffes he's made in recent weeks, the Tesla chairman and CEO chose to sit for an hour-long interview with The New York Times.

In the interview, Elon also seems to veer between emotional and flippant. "They can have the job", Musk was quoted as saying.

He admitted he had rounded up from $419 to set the possible price, offering an approximate 20 per cent premium over the market value, but said: 'Weed is not helpful for productivity.

And about that share price that he randomly hit on, he said he wasn't stoned when he chose the universal number to say it's time to smoke weed.

For now, it looks like Musk is staying in his job, despite speculation earlier this year that he'd be ousted (and, apparently, his own desire to leave): "If you have anyone who can do a better job, please let me know".

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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. "They can have the reins right now", he told the paper. Last month he launched an extraordinary attack on one of the British divers involved in the rescue of 12 boys and their football coach who were trapped in a cave in Thailand, baselessly calling the diver a "pedo" on Twitter.

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