Publicado: Sáb, Agosto 18, 2018
Financiera | Por Marilu Caballero

Tesla shares down 8 percent after Musk's freaky interview

Tesla shares down 8 percent after Musk's freaky interview

What do you do when your CEO confesses that he's cracking under the stress of his job?

Shares of Tesla sank as much as 8% Friday, nearing their lowest price this month, after Elon Musk opened up to the New York Times about his bid to take the electric-car maker private.

To help sleep, Musk sometimes takes Ambien, which concerns some board members, since he has a tendency to conduct late-night Twitter sessions, according to a person familiar with the board the New York Times reported. "The worst is over from a Tesla operational standpoint, but from a personal pain standpoint, the worst is yet to come".

He plans to keep his dual chairman and CEO roles, despite also leading SpaceX, Boring and other firms.

But he said: 'If you have anyone who can do a better job, please let me know.

"They can have the job". Is there someone who can do the job better? "They can have the reins right now". But this has anxious some board members, who have noted that sometimes the drug does not put Mr. Musk to sleep but instead contributes to late-night Twitter sessions, according to a person familiar with the board's thinking.

Hansen alleges Tesla failed to disclose that it received written notice from the U.S. Drug Enforcement Administration about a Tesla employee possibly engaged in selling cocaine and crystal methamphetamine from the Nevada factory on behalf of a Mexican drug cartel, according to Meissner who did not release the whistleblower filing he said his client made to the SEC. It's all making the CEO of one of the world's most innovative auto companies more of a liability than an asset. It's not clear why they're bothering Musk now more than before, but it might be because Tesla's hard year (Model 3 production delays and Model X crash that has dropped stock prices since March) made more short-sellers turn to Tesla, or because Musk's own activities (say, a positive quarterly earnings call) have cost the short-sellers huge sums.

The board has stood behind Musk despite some weird behavior. An ALJ could fine Musk or place an injunction on him but could not ban him from serving in a public company.

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"It seemed like better karma at $420 than at $419", he told the NYT. Instead, he or she would form a team to work overnight and solve problems.

Musk startled Wall Street last week when he said in a tweet he was considering taking the auto company private for $420 (R6176.20) per share and that funding was "secured".

The day after his fateful tweet the SEC began its investigation. Musk said that during the meeting the fund's Managing Director "strongly expressed his support for funding a going private transaction".

Billionaire genius Mr Musk has cashed in great achievements in the past years. That puts Tesla about ten years ahead of the growth trajectory predicted back in 2013, when a skeptical Barron's cover story called the stock overpriced at $102 a share.

The U.S. Securities and Exchange Commission is reportedly investigating whether Musk's August 7 "Funding secured" tweet violated securities law.

That signals regulators are investigating if Musk was truthful in the tweet about having the financing set for a deal that analysts have estimated would require $25 billion to $50 billion.

What "number 2" is not clear from the report, but could take the form of a chief operating officer to handle day-to-day operations at the company.

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