Daily Management Review

Elon Musk complains about health problems


08/17/2018


The founder of SpaceX and Tesla Elon Musk told The New York Times that he is forced to spend 120 hours a week at work. Because of this, Musk began to have problems with sleep and excessive fatigue. People close are concerned about his health condition.



jdlasica
jdlasica
According to Musk, the past year has become "the most difficult and painful" for him in his entire career. "It was excruciating," he added. The billionaire said that he spent his entire birthday on June 28, as well as the night after it, in the office of Tesla. He turned 47 years old This year. A few days later, he barely had time to visit the wedding of his brother in Catalonia. He arrived there two hours before the ceremony right from the company's plant. Immediately after the wedding, he boarded the plane and returned to the headquarter of Tesla.

"There were times when I did not leave the plant for three or four days without going out all the time on the street, all this time that I could spend with children and meetings with friends," the entrepreneur added. He noted that such a regime causes problems with sleep and excessive fatigue, and those close to him are concerned about the state of his health.

According to Musk, he has trouble sleeping and is forced to take sleeping pills. "Very often I have to make a choice - do not sleep at all or take Ambien," he remarked.

Mask admitted that he would not refuse to share his powers with a deputy. According to him, the search for such a person continues. Meanwhile, there is unconfirmed information that the company's board of directors actively began to look for an assistant to Musk after his recent tweets.

The director’s health cannot but worry some members of the board of directors who noted that sometimes sleeping pills are not enough for Musk. As a result, Head of Tesla does not sleep, but arranges communication sessions on Twitter. Some members of the board of directors are also aware that Mr. Musk periodically uses recreational drugs.

Last week, Elon Musk unexpectedly wrote on Twitter that he plans to withdraw Tesla from the stock exchange by offering investors $ 420 per share. This was 20% more than price of its shares at that time, and in that case the cost of the electric vehicles manufacturer would reach $ 72 billion.

Musk assured that "financing is secured," and there’s only shareholders vote needed to complete the transaction. Later he explained in the company's corporate blog that such a move would help Tesla focus on long-term goals, rather than on quarterly results. After the message, Tesla shares went up by 11%.

However, later, six members of the board of directors of Tesla said that Musk began discussing with the council the idea of making the company private only last week. This contradicts his words. In addition, sources in several large banks told the Financial Times (FT) that they had not heard anything about Musk's attempts to raise funds for the repurchase of shares.

source: ft.com






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