Elon Musk Breaks Down During An Interview, Shares Of Tesla Take A Nosedive

Photo by OnInnovation via Flickr

In early trading on Friday, the shares of Tesla fell by more than 8.5 percent following the erratic interview of Elon Musk, the chief executive of the carmaker during which he said that the previous year at the firm had been “excruciating.”

In an interview with the New York Times, Musk disclosed that his health had been affected by the stress that came with the past 12 months. He stated: “It’s not been great, actually. I’ve had friends come by who are really concerned.”

The NYT reported that Musk repeatedly broke down in tears during the said interview. It added that he was alternating between crying and laughing throughout.

The CEO also confessed to taking sleeping pills, and stated: “It is often a choice of no sleep or Ambien.”

He made use of the interview as an attempt to justify the recent behaviour that has questioned his leadership at Tesla.

Last week, he sent the stock of the tech company skyrocketing with a tweet that disclosed that he was “considering taking Tesla private at $420. Funding secured.”

However, it was later revealed that the tweet had not been approved by anyone else at the frim and that the funding was not completely secured, and financial regulators in the United States are investigating whether the said tweet broke trading laws.

Meanwhile, the number 420 was regarded as the number that has become synonymous with the use of cannabis in the United States.

However, Musk said that he settled on $420 since “it seemed like better karma at $420 than at $419.”

He added: “I was not on weed, to be clear. Weed is not helpful for productivity. There’s a reason for the word ‘stoned.’ You just sit there like a stone on weed.”

Musk and Tesla have been sued by investors because of the claims regarding the privatisation of the frim. They allege that the entrepreneur masterminded a scheme to squeeze short-sellers using his tweets.

Last month, Musk also raised controversy through Twitter when he slammed a British diver who helped in rescuing the schoolboys who were trapped with the coach in a flooded cave in Thailand.

He said that Vernon Unsworth was a ‘pedo guy’ after the diver told the Tesla CEO to “stick his submarine where it hurts.” Unsworth described an offer to help in the rescue effort by offering a miniature submersible as a “PR stunt.”