TESLA

Musk: "This year has been the most difficult and painful of my career"
With just a tweet, Tesla CEO and well-known entrepreneur Elon Musk has made the company's stock rise by 11% and has thrown investors, journalists and employees into an unusual frenzy. "I am considering privatizing Tesla for $ 420 [per share]. The funding is secured, "can be read in the fateful tweet published on August 7.In a recent interview with The New York Times, Elon Musk explained the origin of the tweet and says he is not sorry. "Why would it be?" Musk is concerned, aware of the explanations requested by the Securities and Exchange Commission of San Francisco the following day and of the alleged wrath of Tesla's board members, who were not consulted on the will of the CEO of privatizing the company.Elon Musk will meet with the SEC next week to talk about it, but the well-known entrepreneur has given him a glimpse of his life in recent months, admitting he's working 120 hours a week. "There were times when I did not leave [the Tesla's] factory for three or four days - days when I did not see the exterior. This came at the cost of not seeing my children. And to see my friends, "admitted Musk.
Tesla's leader says the reason for his stress is also largely caused by investigators betting on the company's destruction, buying and selling their actions shortly afterwards to "create a narrative." "This year has been the most difficult and painful of my career," reflects Musk.
During the interview it seems notorious the fatigue and burden carried by Musk, with the same to admit that abdicates of the positions that occupy in Tesla if there is someone more indicated. "If you have someone who can do a better job, please tell me. You can keep a charge. Is there anyone who can do a better job? You can take the reins right now. "
Contacted on the subject of the interview, Tesla issued a statement says that Elon Musk's "dedication and commitment" is clear, depositing in his leader the credits that "led Tesla to grow from a small startup to having hundreds of thousands of cars in the roads ".

More details:https://www.nytimes.com/2018/08/16/business/elon-musk-interview-tesla.html?hp&%3Baction=click&%3Bpgtype=Homepage&%3BclickSource=story-heading&%3Bmodule=first-column-region&%3Bregion=top-news&%3BWT.nav=top-News


Miguel Dias-NM