Not looking for any No 2 at Tesla says Musk

Not looking for any No 2 at Tesla says Musk

Not looking for any No 2 at Tesla says Musk

The company lost $5.5 billion in market value Friday.

The Times' interview with Musk came out late Thursday night. "We've really gotta figure out how to make two new vehicles at the same time", Musk told Brownlee.

Without that ready access to capital, Tesla investors who would consider keeping their stake in a private Tesla - as Musk has suggested - wonder how Tesla would fund itself as a private company.

A new whistleblower who worked in security at Tesla's battery Gigafactory in Nevada, alleges that the company covered up an investigation into drug dealing at the factory linked to a Mexican drug cartel.

Tesla CEO Elon Musk presided over the company's SolarCity merger in 2016.

Speaking to The New York Times, Elon Musk revealed the task of running Tesla had placed an enormous strain on his personal life and physical health. During his interview with the New York Times he alternated between tears and laughter and admitted he has to take Ambien to sleep sometimes.

Tesla executives have tried for some time to recruit a Chief Operating Officer, a second in command that could hopefully keep Musk under control, but so far have failed to find anyone.

In the interview, Musk stood by the tweet.

Chelsea leave nervous Sarri craving a smoke
We lost ground, we were not able to press, we were not able to defend, we were really in trouble. I'm fine here, we'll see what happens in a year or two". "For now, I'm happy".

The subpoena signals regulators are investigating if Musk was telling the truth in his tweet about have financing locked up for a deal that analysts have estimated would require $25 billion to $50 billion.

Yet there may be hope for this billionaire still: Tesla board members are reportedly searching for a No. 2 executive to help take some of the weight off Musk's shoulders, the Times reported.

"I'm excited to work with Silver Lake and Goldman Sachs as financial advisors, plus Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson as legal advisors, on the proposal to take Tesla private", Musk tweeted. They can have the job.

Musk, who founded Tesla in 2003 to push cars into a new tech era, said he saw last week's tweet - which included an assurance that funding for going private was secured - as an attempt to be transparent. But he told the newspaper that he wrote the tweet inside a Tesla Model S while he was driving to the airport, and that no one else reviewed it. "Is there someone who can do the job better?"

"If you have anyone who can do a better job, please let me know", he told The Times.

Musk has cited his long-running vendetta with short-sellers, who are betting that Tesla's stock will go down, as well as Wall Street's short-term focus on quarterly earnings, as reasons to take the company private.

He said in a statement that the Saudi sovereign fund had first contacted him "at the beginning of 2017 to express (their) interest because of the important need to diversify away from oil".

Two people described by the Times as familiar with the matter said Tesla's board members were angry at Musk for failing to consult with them before sending the tweet.

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