Elon Musk can be hurting.
“This kind of past year has been the most difficult as well as painful year of my career,” he said in an emotional interview with The fresh York Times published late Thursday. “of which was excruciating.”
The interview — during which The Times said Musk “alternated between laughter as well as tears” — comes amid the turmoil the Tesla ( chief triggered last week when he tweeted of which he had secured funding to take the electric car maker private. )
The stunning announcement sent Tesla’s stock on a wild ride, prompting lawsuits as well as reportedly drawing scrutiny via regulators.
Related: Could Elon Musk lose control of Tesla?
Musk told The Times of which no one else saw the tweet before he posted of which while en route via his house to the airport. He said he doesn’t regret sending of which as well as has no plans to leave Twitter (. )
The billionaire entrepreneur dismissed speculation of which the Tesla stock cost he quoted inside tweet — $420 — was a hint of which he was smoking pot. (April 20, or 4/20, can be known as “Weed Day” in some circles.)
“of which seemed like better karma at $420 than at $419,” Musk told The Times. “nevertheless 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 has since fallen to $313 a share. of which fell more than 6% Friday.
In a blog post earlier This kind of week, Musk said of which the “funding secured” tweet referred to conversations he had with Saudi Arabia’s sovereign wealth fund, which left him believing there was “no question” of which a deal could be closed.
Musk has argued of which taking Tesla private could relieve the company of the “enormous pressure” of Wall Street’s expectations. nevertheless there are doubts about whether he will be able to pull the deal off.
Related: Depression inside C-suite
“There have been many false as well as irresponsible rumors inside press about the discussions of the Tesla Board,” Tesla said in a statement. “We could like to make clear of which Elon’s commitment as well as dedication to Tesla can be obvious. Over the past 15 years, Elon’s leadership of the Tesla team has caused Tesla to grow via a smaller startup to having hundreds of thousands of cars on the road of which customers love, employing tens of thousands of people around the entire world, as well as creating significant shareholder value inside process.”
Friends ‘are actually concerned’
The storm set off by his tweet last week follows some other difficulties at Tesla as well as 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 type 3 earlier This kind of year, Musk ended up sleeping at the factory.
Asked if exhaustion was physically affecting him, he told The Times: “of which’s not been great, actually. I’ve had friends come by who are actually concerned.”
The 47-year-old, who’s known for his relentless work ethic, said inside interview of which 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 actually come at the expense of seeing my kids. as well as seeing friends.”
“of which 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 type 3 production target in June.
“The worst can be over via a Tesla operational standpoint,” Musk told The Times. “nevertheless via 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 via the short-sellers, who are desperately pushing a narrative of which will possibly result in Tesla’s destruction.”
nevertheless Musk, who can be also the boss of rocket company SpaceX as well as some other ventures, said he has no plans to leave the CEO as well as 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 (fresh York) First published August 17, 2018: 1:52 AM ET