Friday, 21 September, 2018

Tesla stocks drop 6 percent after emotional Musk interview

Open this Open this
Jodi Jackson | 20 August, 2018, 20:13

Elon Musk's erratic behavior was front and center again this week as the CEO of Tesla conceded that he's overwhelmed by job stress, pushing his electric auto company's stock down and bringing pressure on its board to take action.

(TSLA.O) intensified further in the aftermath of an interview in which Chief Executive Officer Elon Musk discussed his use of the sleep-aid Ambien and the personal toll of leading the company.

"But from a personal pain standpoint, the worst is yet to come".

The regulator is already looking into Musk's tweet saying his plan for privatisation had "funding secured", amid concerns he misled investors. Experts say regulators likely are investigating if Musk was truthful in the tweet about having the financing set for the deal.

Musk is the CEO and controlling shareholder of the rocket company. "Why would I?" he said, when journalists asked if he rued tweeting his intentions.

Known for being extremely ambitious with his ideas, the South African has been one of Silicon Valley's most influential entrepreneurs for two decades.

But he has appeared to fray under the pressure in recent months.

It is said to have issued writs to a parts supplier as part of its enquiries.

"He is one guy and he has multiple companies. But he needs to get that person in place pretty quick". But he cryptically added, "if you have anyone who can do a better job, please let me know". "But I was not on weed".

Musk admitted that this past year has been the most hard and painful year of his career, that it was excruciating.

"I thought the worst of it was over - I thought it was", said Musk.

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

Musk, who turned 47 in June, said he spent the entire day and night of his birthday at work.

Musk said on Monday that the manager of Saudi Arabia's sovereign wealth fund had voiced support for the company going private several times, including as recently as two weeks ago, but also said that talks continue with the fund and other investors.

If delisted, Tesla could operate without requirements for financial reports and other pressures of a publicly traded firm. However, it could also lose visibility and limit its ability to raise capital. The Times reported that some Tesla board members are concerned about his use of sleeping pills.

"There have been many false and irresponsible rumors in the press about the discussions of the Tesla Board", Tesla said in a statement.

Musk's revealing interview, and the subsequent reports about Tesla, gave the internet a lot of material for jokes and reactions.

The tycoon has caused controversy by turning to his Twitter following of more than 22 million to vent frustrations in recent months.

His social media antics have raised eyebrows as he berated analysts and falsely accused a cave diver of being a pedophile after the man was sceptical about a mini-submarine Musk sent to possibly help rescue young football players from a flooded cave in Thailand.

Recommended

Alexis Sanchez incurs wrath of Man United supporters Alexis Sanchez incurs wrath of Man United supporters Pogba wore the armband at the Amex Stadium but couldn't inspired United to victory as they slid to a miserable 3-2 defeat. "I will always try".

Rose McGowan 'heartbroken' over Asia Argento sexual assault allegations Rose McGowan 'heartbroken' over Asia Argento sexual assault allegations Bennett claims Argento gave him alcohol before proceeding to kiss him and perform oral sex before having intercourse with him. The accuser, 22-year-old Jimmy Bennett , once played her son in 2004′s The Heart Is Deceitful Above All Things .

NASCAR driver Kasey Kahne retiring after 15 Cup seasons NASCAR driver Kasey Kahne retiring after 15 Cup seasons Kasey Kahne is in his first season driving for Leavine Family Racing, with one top-five finish as he is now 28th in points. Kahne's departure opens the door for Leavine Family Racing to make a change or potentially go younger next season.

Sophie Turner Congratulates Future In-Laws Nick Jonas & Priyanka Chopra Sophie Turner Congratulates Future In-Laws Nick Jonas & Priyanka Chopra Nick introduced her as the "Future Mrs Jonas", though the couple hasn't announced their official wedding date yet. Fellow actress Alia Bhatt was in attendance at the engagement party .

Cancer-Causing Chemical Glyphosate Found In Dozens Of Children's Breakfast Foods Cancer-Causing Chemical Glyphosate Found In Dozens Of Children's Breakfast Foods In the US , the Environmental Protection Agency (EPA) labeled glyphosate a carcinogen in 1985, but reversed its position in 1991. The plaintiffs basically said the government is too cozy-the regulators are too cozy with the companies.

Google adds Confidential mode to Gmail app After that, tap on the three dot menu on the top-right of the screen, which will then show a " confidential mode " option. Senders can also do things like set expiration dates for messages so recipients will no longer have access to them.

Jurgen Klopp confident in Liverpool defensive options backs Joe Gomez to flourish Jurgen Klopp confident in Liverpool defensive options backs Joe Gomez to flourish Zaha who was on the scoresheet in Crystal Palace's opening league game against Fulham will be hoping to continue the form when they face Liverpool on Monday.

Premier League star reveals why he snubbed Real Madrid Premier League star reveals why he snubbed Real Madrid Spurs started the new campaign with a 2-1 win over Newcastle United last weekend, but the London side were far from convincing. Marko Arnautovic's penalty gave the hosts a half-time lead.

United States woman who shot herself receives face transplant United States  woman who shot herself receives face transplant The surgery was completed the next day. "I am able to touch my face now, and it feels unbelievable ", Katie said in the video. Before the procedure, Katie underwent extensive psychological evaluation as a face transplant candidate and suicide survivor.

American Legion: Trump Should Spend Money On Vets Instead Of Parade American Legion: Trump Should Spend Money On Vets Instead Of Parade Instead, he is blaming the government of the District of Columbia, which is conveniently civilian and heavily African-American. Reports emerged earlier Thursday that the cost of the parade went over budget by $80 million, an unnamed official told CNBC .

Nvidia released New Turing Chip Technology Targeting Film Industries Nvidia released New Turing Chip Technology Targeting Film Industries The next generation of NVIDIA's GPU designs, Turing will be incorporating a number of new features and is rolling out this year. It is expected that the first Turing based GPUs will make its way to the market by the fourth quarter of 2018.

Turkey will respond if U.S. imposes more sanctions amid pastor row Turkey will respond if U.S.  imposes more sanctions amid pastor row The growing tensions between Washington and Ankara have sent the Turkish currency tumbling to historic lows. The White House has complained about Turkey's treatment of Andrew Brunson, the detained American pastor.

Turkish lira rebounds after Qatar pledges $15 billion Turkish lira rebounds after Qatar pledges $15 billion Erdogan has remained combative towards Trump's economic decisions, vowing to boycott U.S. products such as the iPhone . The Turkish currency began to recover after authorities this week took steps to help bank liquidity.

No Huawei and ZTE handsets for the USA government, decides President Trump No Huawei and ZTE handsets for the USA  government, decides President Trump Huawei and ZTE have received a lot of flak from the U.S. government over suspicions of espionage. In June, an amendment was passed by the US Senate that would have reinstated a trade ban on ZTE.

I want to be America's first trans Governor - What I've Learnt I want to be America's first trans Governor - What I've Learnt If elected in November, Mr Sanders would extend his run as the longest-serving independent in U.S. congressional history. The constitution states that their is no age limit on running for governor, and this is want the 14-year-old is riding.