"This past year has been the most hard and painful year of my career", Musk told the New York Times in an interview Thursday (Aug 16).
But Erik Gordon, a University of MI business and law professor, said Tesla's board has a fiduciary duty to shareholders to take action.
The interview also raises concerns about Musk's drug use.
Musk has reportedly begun using the sleep-aid drug Ambien in order to rest: "It is often a choice of no sleep or Ambien", stated Musk. But his out-of-the-blue go-private announcement raised a huge ruckus and pushed Tesla's shares up 11 percent in a day, raising the company's value by $6 billion. I've had friends come by who are really concerned'.
"It's not been great, actually", he said.
The Times also quoted Musk as saying that Tesla tried to recruit Facebook executive Sheryl Sandberg a couple of years ago to serve as the company's No. 2 executive under Musk - a role similar to that filled by Gwynne Shotwell as president of SpaceX, Musk's privately held space venture.
But, he added, 'if you have anyone who can do a better job, please let me know.
He said in the interview that he had wanted to offer a roughly 20 per cent premium over where the stock had been trading, which would have been about $US419.
Twitter suspends Alex Jones for one week
Twitter users responded to the suspension with a collective "Seriously?" "We identified this as an issue, it was a mistake, we fixed it within 24 hours", Dorsey said.
Nearly a week later, the CEO said the basis for that statement were conversations with Saudi Arabia's Public Investment Fund, which first expressed interest in helping take the company private in early 2017.
"If you're a big portfolio manager and able to sit in a room with Elon Musk, you'll pick up information" not available to others, Grossman said in an interview on Thursday. The tweet reportedly has spurred an investigation by securities regulators. Musk said that during the meeting the fund's Managing Director "strongly expressed his support for funding a going private transaction".
In the interview, Mr Musk revealed the physical and emotional toll of the past year as he sacrificed family milestones in the race to meet Tesla production targets. According to The Journal's reporting, the securities regulator is probing whether the Tesla misled investors about the Model 3's production status. "Some board members, however, have recently told Mr. Musk that he should lay off Twitter and focus on making cars and launching rockets, according to people familiar with the matter". Over the past few months, Musk dressed down stock analysts for asking "bonehead" questions and called a cave diver who helped rescue a Thai soccer team "pedo guy".
"In addition, the capex required and constraints that need to be overcome to reach 7 to 8k units per week seem well within reach".
He claimed the DEA said a Tesla employee may have been selling cocaine and crystal methamphetamine inside of its Nevada factory on behalf of a Mexican drug cartel.
The billionaire branded one industry analyst a "boring bonehead" during the freakish session, saying another's "questions are so dry they are killing me".