Tesla stocks drop 6 percent after emotional Musk interview

Tesla stocks drop 6 percent after emotional Musk interview
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Tesla stocks dropped 6 percent Friday morning following an interview with The New York Times in which CEO Elon Musk discussed his emotional state.

“This past year has been the most difficult and painful year of my career,” he told the paper, adding that it had been "excruciating."

The article described Musk during the interview as "struggling to maintain his composure" and "fraying."

The interview follows a pattern of bizarre behavior from the billionaire. Last week, he revealed a push to take the company private in an unusual series of tweets that has reportedly prompted an SEC investigation.

In the first tweet, he said he was considering taking Tesla private at $420 a share and that he had secured funding. The figure was initially thought to be a reference to marijuana and it soon became apparent that there was no clear source of funding for the move.


Musk told the Times on Thursday that he has been under immense pressure from his workload.

“It’s not been great, actually," he said. "I’ve had friends come by who are really concerned.”

In recent months, Musk has lashed out at his investors, accused a cave diver involved in rescuing a group of stranded Thai children of being a pedophile and attacked journalists over critical coverage of working conditions for Tesla employees.

The Times report said he frequently takes Ambien to get to sleep after long workdays and that Tesla's board has become concerned about his use of the drug.

But he said in the interview that he plans to remain in his role as Tesla's CEO and COO, though Tesla's board is reportedly searching for a number two executive to lighten his load.

Updated at 10:36 a.m.