The YouTube interview came a day after Musk spoke to NYT about "excruciating" times at Tesla, noting that he "nearly missed his brother's wedding this summer and spent his birthday holed up in Tesla's offices as the company raced to meet elusive production targets on a crucial new model".
In a recent interview with the New York Times, Tesla CEO Elon Musk discussed the issues surrounding his electric vehicle company in recent months. "Funding secured." Tesla shares shot up, but it turns out that "funding secured" didn't necessarily mean, like, you know, that he has the funding secured. The tweet on August 7 stated that he was considering plans to take Tesla private at $420 a share and had secured funding.
Normally such a major announcement - taking a huge company private - would be explained in detail beforehand to regulators.
Most of the company's board members have ties and relationships with Musk, but Elson and Gordon say they also have a fiduciary duty to all the other shareholders.More news: Emery 'happy without the result' as Arsenal comeback falls short
He admitted he relied on mediation to help him sleep, saying: 'It is often a choice of no sleep or Ambien'.
He said: "I thought the worst of it was over - I thought it was".
Musk is bothered by the short sellers who have made Tesla one of the most-shorted stocks. Known for his futuristic vision and a risk-averse appetite for disrupting conventional industrial sectors, Musk has become a common household name synonymous with the future.
But he has appeared to fray under the pressure in recent months.
In a statement the firm's board paid tribute to Musk's "commitment and dedication to Tesla" and praised him for "having hundreds of thousands of cars on the road that customers love" and "employing tens of thousands of people around the world".More news: Sony's PSVR sales has now hit the 3 million mark
Musk discussed his plans and goals about taking Tesla private. I've had friends come by who are really concerned'.
He said he had been working 120-hour weeks which had resulted in him almost missing his brother's wedding - where he was best man - and spending his entire birthday in his office. Later it emerged that the Tesla CEO has been in discussions about taking the company private with the Saudi sovereign investment fund.
The Wall Street Journal reported that government regulators have subpoenaed Tesla as they dig deeper into his disclosure of the potential buyout. However, it could also lose visibility and limit its ability to raise capital. "Some board members are also aware that Mr. Musk has on occasion used recreational drugs, according to people familiar with the matter".
The tycoon has caused controversy by turning to his Twitter following of more than 22 million to vent frustrations in recent months.
For everyone keeping score, Elon's recent troubles - majority of his own making - having included blasting a rescue cave diver as a "pedo guy" on Twitter; dismissing analyst questions during an earnings call as "boneheaded"; and the seemingly ill-thought out privatization tweet, to name a few.More news: Amazingly preserved remains of 99 MILLION-year-old beetle found in amber
Elon Musk lost it during an interview as he talked about Ambien use, exhaustion and isolation.