Tesla's Elon Musk Confesses the 'Worst Is Yet to Come'

Tesla Model X 100d 1

But it's not clear that Tesla will privatize anytime soon, and it won't be easy if it does happen - the sheer uncertainty and SEC investigation are bound to scare off investors.

In addition to his CEO roles at Tesla and SpaceX, Musk is the founder of a tunneling venture called the Boring Company; co-founder of Neuralink, which is working on brain-computer interfaces; a co-founder of OpenAI and the inventor of the open-source Hyperloop rapid transit concept. "I've had friends come by who are really concerned", Musk said. Board members, lawyers and the bankers who get overpaid to rubber-stamp the initiatives of impetuous guys like Musk are understandably miffed that they weren't consulted, before he tweeted the world about going private. He said he works 120 hours some weeks and has trouble sleeping.

"They can have the job".

Musk added he had agreed not to tweet again about taking the firm private unless he had discussed it with the board.

In a separate report, The Wall Street Journal said securities regulators have been investigating if Tesla misled investors about production problems for its Model 3 auto.

"If you have anyone who can do a better job, please let me know", is the Elon quote the interview ends with.

Musk does not regret his twitter post and told the interviewer, "Why would I?"

The news Friday was nearly all Tesla, all the time. Martin Tripp, the original whistleblower tweeted and subsequently deleted a cache of pictures that he said back up his claims that Tesla installed defective batteries in some Model 3s. Taking Tesla private would finally put an end to short-sellers - you can't freely sell and buy private company stock - and allow Musk to finally get some much needed sleep. Plus, the eccentric billionaire is the head of at least two other companies, including the rocket company Space X.

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The Securities and Exchange Commission is reportedly investigating an August 7 tweet by Musk in which he proposed taking the electric auto maker private and said he had secured funding for the transaction.

"It seemed like better karma at 420 dollars than at 419 dollars", he said in the interview. The company and those close to him are reportedly growing anxious, which is understandable when you see someone call a hero diver a "pedo" in an online fit of pique in front of 22.3 million Twitter followers. "It is often a choice of no sleep or Ambien". "They can have the reins right now".

Tesla has been searching for a number-two executive to help take some pressure off Chairman and CEO Elon Musk, The New York Times reported on Thursday.

"There were times when I didn't leave the factory for three or four days - days when I didn't go outside", Musk told the newspaper.

But Gordon said a CEO wouldn't live at the factory. The upcoming meeting with the SEC will reportedly be focused on how Musk announced and handled the aftermath of his tweet last week, when he stated that funding was "secured" for Tesla's possible privatization at $420 per share.

The company said the board formed a special committee to evaluate proposals to take the company private.

A Tesla spokesman did not immediately respond to a request for comment.

The company could face sanctions if regulators find it misled investors about production delays. Cumulatively, short-sellers lost $1.3 billion on August 7 following Musk's tweet.

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