Tesla slips as doubts grow over Elon Musk take-private plan

Elon Musk

Elon Musk says cutting back on work hours isn't an option

Then, over the weekend, Musk replied in a tweet to Arianna Huffington, who posted an open letter to the CEO on her wellness site Thrive Global Friday, urging Musk to reevaluate his long hours and get more sleep.

Brinkman stated: "The revelation the Saudi fund is subsequently asking Tesla for details of how the company would be taken private suggests to us that any deal is potentially far from even being formally proposed, which is different from our understanding on August 8 which was based on Mr. Musk's statement on Twitter", Brinkman said.

Tesla CEO Elon Musk and indie musician Grimes appear to have stopped following on social media after a hard week in the spotlight that sent Telsa stock tumbling down almost 20%.

United States securities regulators are reportedly probing the veracity of that and other claims. 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.

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

Still, the Tesla CEO tweeted that Ford and Tesla are the only two American vehicle companies to have avoided bankruptcy, and dismissed the idea that he was able to cut his workload.

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

Mahindra's message was a response to the South African's recent interview with The New York Times, wherein Musk admitted that stress and heavy work were taking a toll on him. There's no way you can connect with your awesome 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.

Musk, a 47-year-old investor and engineer, stunned financial markets earlier this month, when he revealed on Twitter he was considering a $420 per share take-private deal for Tesla, an auto manufacturing pioneer that developed the world's first ever premium all-electric sedan vehicle.

One analyst said Musk and Tesla investors face a hard dilemma.

Huffington's advice was simple: Get some more sleep.

California-based Lucid Motors, formerly named Atieva, unveiled a prototype of a luxury sedan the Lucid Air at its unveiling in Fremont, California, U.S., December 14, 2016. It is not clear when this auto will become available, though the company is accepting refundable deposits of $2,500 from consumers on its website.

In July 2017, Bloomberg News reported that Lucid had hired Morgan Stanley to raise more money and was considering an outright sale after exploring early-stage takeover talks with Ford Motor Co.

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