Hyperdrive
Tesla Wraps Up Worst Week Since 2016 as Musk Sows Fresh Doubts
- CEO wrote post about buyout plans in his car on way to airport
- Strained Musk tells of sleep medication use, personal toll
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Tesla Inc. plunged Friday, capping its worst week since 2016, after Elon Musk told the New York Times that no one saw or reviewed his tweet about the plan to take the company private before he posted it.
Musk, Tesla’s chief executive officer and chairman, told the Times that he typed the take-private tweet as he drove himself to the airport on Aug. 7. The tweet said: “Am considering taking Tesla private at $420. Funding secured.” The billionaire frequently teared up in an interview and discussed the personal strain of leading the electric-car maker, the newspaper said.