Culture&Arts

Tesla Stock Drops As Elon Musk Unloads On 'Excruciating' Year

Tesla Stock Drops As Elon Musk Unloads On 'Excruciating' Year

Despite the frenzy over Tesla's future, production of the pivotal Model 3 sedan-which has frequently kept Musk at Tesla's Fremont, California factory overnight-is defying the odds and going well, according to Evercore ISI analysts.

Lately, Elon Musk's tweets have drawn scrutiny from everyone including the press, Tesla's board, and the Securities and Exchange Commission.

"This past year has been the most hard and painful year of my career", Musk told the New York Times in an interview Thursday.

"This past year has been the most hard and painful year of my career", he told the newspaper.

Elon Musk's rocket company, SpaceX, could help fund a bid to take electric vehicle company Tesla private, the New York Times reported on Thursday, quoting people familiar with the matter.

Though Musk says that his tweeted ultimatum was definitely intentional, and that he has secured to funding to make it a reality, he understood that the 420 reference might make people assume the billionaire - who is known for being a bit of a troll - was joking. Multiple members of the company's board are also aware that Musk has occasionally used recreational drugs, the Times said, citing multiple people familiar with the matter.

Musk talked about his grueling work schedule, the struggle to crank out his company's first mass-market electric auto - the Tesla Model 3 - and the fallout over his public declarations about taking Tesla private.

Musk is the CEO and controlling shareholder of the rocket company.

He has since said he is searching for funds for the effort.




'This has really come at the expense of seeing my kids.

Now - in the wake of his Twitter announcement that he was considering taking Tesla private at $420 per share - Musk is preparing for "at least a few months of extreme torture from the short-sellers, who are desperately pushing a narrative that will possibly restyle in Tesla's destruction", he told the paper. "I was not on weed, to be clear", Musk said.

In his interview with the Times, Musk detailed the sequence of events that led to his now-infamous "funding secured" tweet. "Weed is not helpful for productivity", he told the Times.

The events of the past week are the result of a slowly brewing anxiety in the Tesla CEO.

Adam Grossman, principal of Mayport Wealth Management in Newton, Massachusetts said he has avoided owning Tesla for clients except through indexes, partly to limit the risk of missing out on color Musk could share with a small circle. Whether it's electric cars or rocket science, Musk seems to have an fantastic grasp of complex technological issues.

He said the powertrain modules are designed and built in-house by Tesla, which is enabling the company to move earlier with new technologies.

The Times said that sources told the newspaper some Tesla board members have expressed concern about both Musk's workload and his use of Ambien, a sedative.

The Times appeared to pin Musk's many recent missteps ― barking at employees working around the clock to meet his deadlines, batting aside "boring" questions on an earnings call, calling a diver who helped rescue a boys' soccer team in Thailand a "pedo" ― on his work ethic.


  • Tributes pour in for 'Queen of Soul' Aretha Franklin

    Tributes pour in for 'Queen of Soul' Aretha Franklin

    Following news of her passing, tributes to her work with the civil rights movement have been widely shared on social media. The 20-time Grammy Award victor had hit songs that included " Respect ", "Chain of Fools", and "I Never Loved a Man".
    NYU offers full-tuition scholarships for all medical students

    NYU offers full-tuition scholarships for all medical students

    A study produced by the Association of American Medical Colleges estimated that in 2017 75% of medical students graduated in debt. Among those with debt, the average student owed almost $191,000, which rises to $202,000 among private medical school graduates.
    Trump signed the U.S.  defence budget: Ukraine reduced

    Trump signed the U.S. defence budget: Ukraine reduced

    John McCain of Arizona for his lifelong service to the country after President Donald Trump signed the John S. Congress approved $1.56 billion for three littoral combat ships even though the Navy only requested one.
  • Spanish PFA criticises decision to play LaLiga games in the United States

    Spanish PFA criticises decision to play LaLiga games in the United States

    Two of Spain's biggest clubs Barcelona and Real Madrid played against each other in the tournament in Miami past year . Meanwhile, La Liga president Javier Tebas added: "We're devoted to growing the passion for soccer around the world".
    Aretha Franklin's ties to Buffalo

    Aretha Franklin's ties to Buffalo

    Earlier this year, she was forced to cancel a string of shows on doctors' orders. "I will be recording, but this will be my past year in concert".
    Turkish president says the country will boycott USA  electronics

    Turkish president says the country will boycott USA electronics

    The 2nd Penal Court in Izmir rejected his appeal and sent the pastor's petition to an upper court, Hurriyet Daily News reported . The political spat with Washington has added to pressure on Turkey's currency, the lira, which has plunged against the dollar .
  • Injury Update For Philadelphia Eagles QB Nick Foles

    Injury Update For Philadelphia Eagles QB Nick Foles

    I have all the respect in the world for him. "But he was nice, as he always is, so I wished him the best of luck this season". Doug Pederson said Foles will "get a few plays" and expanded on how he views playing starting quarterbacks in the preseason.
    Commander Of Bin Laden Raid: Revoke My Security Clearance Too, Trump

    Commander Of Bin Laden Raid: Revoke My Security Clearance Too, Trump

    Brennan called Trump's behavior at a summit with Russian President Vladimir Putin " nothing short of treasonous ". Trump, often critical of the Mueller investigation, told the newspaper it is a "rigged witch hunt. a sham".
    Fox News makes error in Aretha Franklin tribute video

    Fox News makes error in Aretha Franklin tribute video

    She was also awarded the Presidential Medal of Freedom - America's highest civilian honor - in 2005 by President George W. Franklin's last album, "A Brand New Me", released in 2017, remixed her vintage vocals with newly recorded arrangements.
  • Flash flood watch in effect for Cortland County

    Flash flood watch in effect for Cortland County

    New York City's unsettled weather is not going away anytime soon, as heavy rain may bring flooding to the city Wednesday night. A round of thunderstorms is projected for Friday afternoon into the evening, possibly featuring heavy rain and strong winds.
    'Queen of Soul' Aretha Franklin dies at 76

    'Queen of Soul' Aretha Franklin dies at 76

    When asked in 2017 by the Chicago Sun-Times about the importance of her faith, Franklin said: "It is very important". Franklin is one of the most celebrated and highest-selling recording artists of all-time.
    Turkey retaliates against Trump tariffs, hiking fees on U.S

    Turkey retaliates against Trump tariffs, hiking fees on U.S

    White House press secretary Sarah Sanders said the U.S. had seen "no evidence that Pastor Brunson has done anything wrong". Sheikh Tamim bin Hamad Al Thani, the emir of Qatar , has pledged to invest $15bn in Turkey , according to officials.