Elon Musk seems to beg Tesla's board to save him from himself

Elon Musk,Tesla,SpaceX

Elon Musk,Tesla,SpaceX

Since then, however, Tesla's share price has nose-dived. Is there someone who can do the job better?

Musk has reportedly begun using the sleep-aid drug Ambien in order to rest: "It is often a choice of no sleep or Ambien", stated Musk.

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 unusual behaviour. The Securities and Exchange Commission is investigating the company on multiple fronts, including issues related to disclosure about production of the Model 3 sedan.

Describing the past year as "excruciating" and "most painful year of career", Musk said that the things are a bit shaky since the tweet.

The Times quoted Musk as saying that his physical health has been "not that great" due to Tesla's turmoil. "They can have the reins right now", he told the paper.

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.

The interview claims Tesla board members are anxious the drug does not help him sleep, but results in him spending all night on Twitter.

He is chair and CEO of Tesla, CEO and lead designer at SpaceX and that's to say nothing of his side projects like The Boring Company and Neuralink.

Musk's tweets put Tesla in the spotlight — Business Extra Podcast
The "Saudi sovereign fund has more than enough capital needed to execute on such a transaction", he suggested. In the meantime, Tesla's board is trying to mitigate the damage, according to the New York Times .

Musk, whose company posted a record US$709.6 million net loss in the first quarter of this year while struggling to manufacture large numbers of its Model 3 mass-market electric vehicle, said he had been working up to 120 hours a week and as a result his health had been "not great" and his friends had been anxious about him.

Musk does not regret his twitter post and told the interviewer, "Why would I?"

In the interview with The New York Times, Musk blamed short-sellers, from whom he said he anticipated "a few months of extreme torture".

He said he remained committed to his roles of chairman and chief executive but also claimed he would step aside if a good candidate emerged, adding: 'Is there someone who can do the job better?

But, people familiar with the search said it escalated after Mr Musk's tweets about taking the company private and the cave diver. People familiar with the Tesla Board of Directors stated that members were blindsided by Musk's tweet and they had to rush to get a statement out to help calm the storm caused by the unexpected tweet. Reports following the tweet have indicated that, while talks have been initiated, funding has not been secured. "Weed is not helpful for productivity", he told the Times.

The tech entrepreneur told The New York Times in an emotional interview published Thursday night that he has been working up to 120 hours per week and occasionally takes Ambien to get to sleep.

Tesla is searching for a COO or other No. 2 to take some duties and stress off of Musk, the NYT said. 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.

Short selling involves borrowing shares in a company and selling them in the hope of buying them back later at a lower price when the firm's fortunes falter.

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