Tearful Musk Tells NYT Nobody Reviewed Tesla Funding Tweet

Ruben Ruiz
August 17, 2018

An employee fired from Tesla's Nevada battery factory filed a whistleblower complaint with the US Securities and Exchange Commission, accusing the company of spying on employees and failing to act after learning that a Mexican cartel may be dealing drugs inside the plant, his attorney said on Thursday.

The interview puts board members in a hard position because Musk, who entered Tesla as a major investor and built the company into a force that has changed the perception of electric cars, is the company's public identity.

That's the question that the nine board members of electric auto and solar panel maker Tesla Inc. must answer after Elon Musk, the company's impulsive leader, admitted to The New York Times that work is rattling his nerves in what he described as the most "difficult and painful year of my career".

Musk described the past year as "excruciating" and the "most hard and most painful year of his career".

And that adds up to a lot of stress, as Musk made clear in an interview with The New York Times.

But board members reportedly fear the drug contributes to Musk's eccentric social media posts and are concerned over his health and possible use of other recreational drugs.

The events set in motion by Mr. Musk's tweet have ignited a federal investigation and have angered some board members, according to people familiar with the matter. Musk said that during the meeting the fund's Managing Director "strongly expressed his support for funding a going private transaction". And while those efforts have helped boost Tesla's productivity in the short-term - the company recently hit a production target of delivering 5,000 Model 3 sedans per week - Musk admitted he thought "from a personal pain standpoint ... the worst is yet to come".

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The blog states, "The only way I could have meaningful discussions with our largest shareholders was to be completely forthcoming with them about my desire to take the company private". "This has really come at the expense of seeing my kids".

Musk has no plans to relinquish his dual role as chairman and chief executive officer, he said in the interview. But I was not on weed, to be clear'.

Musk, in his interview with The Times, pointed again to the challenges surrounding his heavy workload and lack of sleep. A couple of years ago, Tesla approached Facebook executive Sheryl Sandberg about the job, Mr Musk told the newspaper, but added that no active search is taking place now "to the best of my knowledge".

A former Tesla employee has claimed the company spies on its workers and allowed a drug cartel to operate inside of its plant.

The report cited sources as saying Tesla has been trying to find another senior executive to help relieve some of the pressure on Mr Musk.

Tesla shares fell Friday after CEO Elon Musk detailed the challenges he has struggled with while running the company. Whether it's electric cars or rocket science, Musk seems to have an incredible grasp of complex technological issues. At another point, he says he sometimes needs to take Ambien to be able to sleep and that he spent his 47th birthday in June stuck at work.

Other reports by GizPress

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