Elon Musk says changing the way he (over)works is not an option

21 August, 2018, 17:16 | Author: Ethel Goodwin
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Elon Musk has revealed that Tesla could be making more affordable cars that cost under US$25,000 (RM100k) in three years' time, but the company has to work really hard to do that. You think this is an option.

The Saudis' Public Investment Fund, which recently purchased nearly 5% of Tesla, is in talks for a separate $1bn investment in Lucid Motors that would give the fund control of that fledgling automaker, Reuters reported.

Saudi Arabia's sovereign wealth fund, PIF, recently made headlines when Elon Musk said they would potentially provide the funding to take Tesla private.

In a tweet at 2.32am, after arriving home from a late night at a Tesla factory, Musk told the Huffington Post founder that his electric vehicle company and Ford are the only two American automakers that have avoided bankruptcy.

According to a report from the Wall Street Journal, a recent survey sent by an automotive supplier association to executives of Tesla suppliers found that 18 of the 22 companies surveyed believe that Tesla poses a financial risk to their companies.

Not helping matters, Musk described the stress and lack of sleep he's enduring in an emotional interview with the New York Times, prompting worries by board members and investors about his physical and emotional health. Musk also unfollowed the other half of Grusk™ on Twitter early Sunday. In an open letter on her Thrive Global website, Huffington explained that humans, just like Musk's electric cars, needed time to recharge.




He later said that meetings with Saudi Arabia's sovereign wealth fund had given him confidence to announce the news.

Tesla shares hit $380 on 7 August following Mr Musk's tweet, but have continued to fall since then.

Tesla has marketed its top-of-the-line models that boast head-snapping acceleration as having "Insane" and "Ludicrous" modes. There's no way you can connect with your fantastic vision and creativity when you don't give yourself time to reconnect not just with those you love but also with yourself and your wisdom, ' she added.

In an interview with popular YouTuber and Tesla fan Marques Brownlee, the high-profile tech mogul and angel investor spoke to the low-priced version of the EV, while highlighting to auto industry's "insanely competitive" nature. Company stock peaked at $379 per share after Musk's tweet about taking Tesla private.

Huffington's advice was simple: Get some more sleep. Ford ultimately moved on.

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