Elon Musk can be hurting.
“This kind of past year has been the most difficult in addition to painful year of my career,” he said in an emotional interview with The completely new York Times published late Thursday. “This kind of was excruciating.”
The interview — during which The Times said Musk “alternated between laughter in addition to tears” — comes amid the turmoil the Tesla ( chief triggered last week when he tweeted that will he had secured funding to take the electric car maker private. )
The stunning announcement sent Tesla’s stock on a wild ride, prompting lawsuits in addition to reportedly drawing scrutiny coming from regulators.
Related: Could Elon Musk lose control of Tesla?
Musk told The Times that will no one else saw the tweet before he posted This kind of while en route coming from his house to the airport. He said he doesn’t regret sending This kind of in addition to has no plans to leave Twitter (. )
The billionaire entrepreneur dismissed speculation that will the Tesla stock cost he quoted inside tweet — $420 — was a hint that will he was smoking pot. (April 20, or 4/20, can be known as “Weed Day” in some circles.)
“This kind of seemed like better karma at $420 than at $419,” Musk told The Times. “although I was not on weed, to be clear. Weed can be not helpful for productivity. There’s a reason for the word ‘stoned.’ You just sit there like a stone on weed.”
Tesla’s stock closed Friday at $305.50 a share, down 9% for the day in addition to 21% since the day of the tweet.
In a blog post earlier This kind of week, Musk said that will 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 will a deal could be closed.
Musk has argued that will taking Tesla private could relieve the company of the “enormous pressure” of Wall Street’s expectations. although there are doubts about whether he will be able to pull the deal off.
Related: Depression inside C-suite
“There have been many false in addition to irresponsible rumors inside press about the discussions of the Tesla Board,” Tesla said in a statement. “We could like to make clear that will Elon’s commitment in addition to dedication to Tesla can be obvious. Over the past 15 years, Elon’s leadership of the Tesla team has caused Tesla to grow coming from a little startup to having hundreds of thousands of cars on the road that will customers love, employing tens of thousands of people around the entire world, in addition to creating significant shareholder value inside process.”
Friends ‘are truly concerned’
The storm set off by his tweet last week follows different difficulties at Tesla in addition to the controversy over another post last month in which he insulted a man who helped rescue a group of Thai boys trapped in a cave.
As Tesla struggled to meet production goals for its style 3 earlier This kind of year, Musk ended up sleeping at the factory.
Asked if exhaustion was physically affecting him, he told The Times: “This kind of’s not been great, actually. I’ve had friends come by who are truly concerned.”
The 47-year-old, who’s known for his relentless work ethic, said inside interview that will he had recently been putting in as much as 0 hours a week.
“There were times when I didn’t leave the factory for three or four days — days when I didn’t go outside,” Musk said. “This kind of has truly come at the expense of seeing my kids. in addition to seeing friends.”
“This kind of can be often a choice of no sleep or Ambien,” he said, referring to an insomnia medication.
Related: Elon Musk says he expects Saudis to fund plan to take Tesla private
The worst can be yet to come
Tesla managed to hit its style 3 production target in June.
“The worst can be over coming from a Tesla operational standpoint,” Musk told The Times. “although coming from a personal pain standpoint, the worst can be yet to come.”
He attributed a lot of his stress to short-sellers who bet against Tesla’s stock, saying he’s preparing himself for “at least a few months of extreme torture coming from the short-sellers, who are desperately pushing a narrative that will will possibly result in Tesla’s destruction.”
although Musk, who can be also the boss of rocket company SpaceX in addition to different ventures, said he has no plans to leave the CEO in addition to chairman roles at Tesla.
“If you have anyone who can do a better job, please let me know,” he told The Times. “They can hold the job. can be there someone who can do the job better? They can hold the reins right at This kind of point.”
sy88pgw (completely new York) First published August 17, 2018: 1:52 AM ET