Elon Musk SPIKES Tesla Stock $5.5 Billion With Worrying Interview!

Andrew Cummings
August 18, 2018

Musk feels that being a private company would allow Tesla to think long-term and focus less on quarterly results.

Or he could heed the Tesla board and stop tweeting.

Before taking a private jet to Nevada from his home in Los Angeles, Mr Musk tweeted: "Am considering taking Tesla private at $420". "It seemed like better karma at $420 than $419", said Musk, not exactly dispelling the idea. But I was not on weed, to be clear'.

"While this may be a governance issue it would be a very disappointing company issue because Elon Musk's vision and personality is so intertwined in the company".

You can read Musk's entire interview at this link.

"They can have the job".

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.

Tesla CEO Elon Musk shared some personal revelations about the turmoil surrounding him and his company in a revealing interview with The New York Times on Thursday night.

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

Efforts are also under way to recruit an executive to take some pressure off Musk, the newspaper said, citing people briefed on the search.

But, he added, 'if you have anyone who can do a better job, please let me know.

Tesla shares plummeted a day after an interview with CEO Elon Musk painted a picture of an exhausted leader struggling to handle one of the company's most hard periods.

Kimbal officially married Christiana, the daughter of billionaire Sam Wyly, on April 7, but celebrated the event with around 300 guests at Greco-Roman ruins near Girona.

Elson said most of the company's directors have relationships with Musk, who owns about 20 percent of the company.

Last week, Elon Musk published a tweet that said he would push to make Tesla a private company in a deal that would be worth billions of dollars. But he told the newspaper he wrote the tweet inside a Tesla Model S while he was driving to the airport, and that no-one else reviewed it. But I was not on weed, to be clear.' He admitted no one had seen the post in advance. That puts Tesla about ten years ahead of the growth trajectory predicted back in 2013, when a skeptical Barron's cover story called the stock overpriced at $102 a share.

This week, Mr Musk was said to have received a subpoena for more information, according to one insider. Nearly a week later, the chief executive said the basis for that statement was conversations with Saudi Arabia's Public Investment Fund, which first expressed interest in helping take the company private in early 2017.

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. According to The Journal's reporting, the securities regulator is probing whether the Tesla misled investors about the Model 3's production status. "The actions of the last few weeks have caused a crisis of confidence in Musk's leadership".

Musk also came under fire during the rescue of 12 children from a cave in Thailand where officials dismissed his plan to save them with a miniature submarine created by his rocket company SpaceX.

If Tesla directors are concerned that Musk is spreading himself too thin or endangering his health, then they have both the power and responsibility to do something other than whispering to journalists.

Other reports by iNewsToday