Musk defends relentless work hours

Musk defends relentless work hours

On Sunday, the picture became even murkier.

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

According to them, the talks between PIF and Lucid, a private company based in California, are private and may not lead to a deal in the end.

Huffington, who sits on the board of Uber, took to her Thrive Global website and posted an open letter to Musk in response to his interview in the New York Times in which he says he works 120-hours-a-week and that the pressures of Tesla have taken an incredible personal toll on him.

It follows an interview with the New York Times last week, in which Musk said he sacrificed family milestones in the race to meet Tesla production targets.

As reported by Inverse, Musk, not the one to ignore tweets directed towards him, chose to keep it short and tweeted that Ford & Tesla are the only 2 American vehicle companies that have avoided bankruptcy, pointing to the contribution of all the long hours being put into work to ensure that.

Musk sparked controversy by tweeting on August 7 that he had "funding secured" to take Tesla private. References to Ambien use and driving while tweeting are fueling calls for Tesla's board to step up its oversight of the CEO, chairman and largest shareholder.

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Tesla has marketed its top-of-the-line models that boast head-snapping acceleration as having "Insane" and "Ludicrous" modes.

"Tesla is revolutionary because it's all about how we can most efficiently use energy, which holds the potential to change the world", she wrote, adding: "You're demonstrating a wildly outdated, anti-scientific and horribly inefficient way of using human energy". There's no way you can connect with your wonderful 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.

Slashing its price target for Tesla Inc (TSLA.O) from $308 to $195, the brokerage said it did not believe Chief Executive Officer Elon Musk had funds for a plan announced by a tweet that said "funding secured" two weeks ago.

The disparities between Musk's tweet and his explanation have sparked at least one subpoena from the Securities and Exchange Commission, the US's top stock regulator, a handful of class-action lawsuits from investors, and doubt among sell-side analysts.

Huffington's attempted intervention comes at a time when she's been campaigning in support of the benefits of sleep.

While its prototype Lucid Air sedan has been well-received, it's unclear whether the company has the funding to get production going.

Arianna Huffington told Elon Musk to get some more sleep.

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