According to The Verge, Musk said in the YouTube interview that he hoped to scale production at Tesla and lower their design and technology costs enough to be able to offer a truly mass-market electric vehicle.
Musk discussed his plans and goals about taking Tesla private. "This has really come at the expense of seeing my kids".
But the paper reports that some on the board are uncomfortable with Musk's use of drugs, particularly sleep aid Ambien, which could lead to late-night erratic tweeting. "Weed is not helpful for productivity", he told the Times. You just sit there like a stone on weed'. He may have been referring to short-sellers, investors betting against Tesla whom he has openly wrangled with in the past. During Tesla's first-quarter earnings call in May, Musk dissed analysts, cutting off Sanford Bernstein's Toni Sacconaghi because of what he called a "boring, bonehead" question.
Two people described by the Times as familiar with the matter said Tesla's board members were angry at Musk for failing to consult with them before sending the tweet.
Experts say regulators likely are investigating if Musk was truthful in the tweet about having the financing set for the deal.
"If the board does not get him out of this slot, at a minimum on a leave-of-absence basis, I think the board is going to be seen by a lot of people who love the company as being derelict in their duties", Professor Gordon said.
As analysts cast doubt over the profitability the Model 3 electric auto, shares plunged 9pc.
Girls Allegedly Killed by Dad May Have Been Strangled
The three had gone missing on Monday. "You do so much every day for all of us and you come home and play and read to them". An unidentified friend told CNN affiliate KDVR that she dropped off Shanann Watts at home about 2 a.m.
Additionally Musk denied he was "on weed" or "stoned" when he sent the tweet claiming to be taking Teslaprivate for a $420 share, although he acknowledged the value could be taken as a reference to marijuana.
But Musk, who is also the boss of rocket company SpaceX and other ventures, said he has no plans to leave the CEO and chairman roles at Tesla. "But from a personal pain standpoint, the worst is yet to come".
Aug 8: Six of nine directors state Mr Musk had "opened a discussion with the board about taking the company private" the previous week and it is evaluating it.
Tesla executives have tried for some time to recruit a Chief Operating Officer, a second in command that could hopefully keep Musk under control, but so far have failed to find anyone.
Erik Gordon, a University of MI business and law professor, told The Associated Press that Tesla's board now has a fiduciary duty to shareholders to take action. They can have the job.
Tesla produced only slightly more than 100,000 vehicles a year ago and the company has been struggling to boost production of its Model 3, which is less expensive than its first models and could help expand Tesla's base.
'Is there someone who can do the job better? "They can have the reins right now", Musk tells the Times.
A couple of years ago, Tesla approached Facebook executive Sheryl Sandberg about that job, Mr Musk told the newspaper, but he added that no active search is taking place now "to the best of my knowledge".
At least 324 people have been killed in rain and flood-related incidents, while 223,139 sheltered in 1,500 relief camps. In a statement, Modi promised $71.6 million in assistance along with other relief such as food and medicines.
Amazingly preserved remains of a 99-million-year-old beetle that crawled alongside T-Rex has been found in amber (pictured). Indeed, when Cai and colleagues examined the fossil more closely under a microscope, they discovered tiny pollen grains.
The Gunners are happy to let the goalkeeper leave the club this summer following the arrival of German goalkeeper Bernd Leno . Despite being a Colombia global Ospina is believed to have taken on French citizenship during a six-year spell at Nice.
Fans are abuzz with the news of Bollywood actor Priyanka Chopra and American singer Nick Jonas' engagement ceremony today. Chopra and Jonas, with their respective families, gathered in Mumbai for an engagement party that her family is hosting.
The festivities would honor USA military veterans and commemorate the 100th anniversary of the end of World War One. He's been planning a enormous parade in D.C., reportedly ever since he spent Bastille Day in France past year .
But Lara Trump , wife of the president's son Eric, has largely managed to buck that trend over the past couple of years. She has already released several secret audio recordings, including of the meeting in which she was sacked by Kelly.
Michel Reimon, an Austrian Green member of the European parliament (MEP) called on Kneissl to resign from her post. Other topics on the pair's agenda are Iran, human rights and "other bilateral issues", Ms Merkel said.
Donald Trump did not attend the dinner and he, alongside many others, were also targeted by Wolf. "Abortion - I salute you!" Netflix reportedly cancelled comedian Michelle Wolf's show after only three months on the streaming service.
It was previously reported that Jonas shut down a Tiffany and Co. store to buy the ring, before popping the question in London. Jonas and Chopra met when they attended the Met Gala previous year as friends and stayed in touch afterwards.
Measles on the rise nationally, 2 cases found in DC area
The health department urges anyone experiencing symptoms of measles to see their health care provider and report suspected cases. While the disease is treatable, the CDC said , one or two out of every 1,000 children who get measles die from complications .
Wallabies suffer Thor-sized Bledisloe blow
The 22-year-old they call the "Tongan Thor' has emerged as a significant contributor off the bench for the Wallabies ". Ainsley, born in Cromwell and schooled at Otago Boys' High School, plays his Super Rugby for the Melbourne Rebels.
Two emergency warnings for NSW bushfires
That contingent is helping to co-ordinate responses to huge blazes that continue to burn in California and other USA states. Four firefighters have been injured while battling a blaze on NSW's mid north coast after their tanker rolled over.
Arsenal suffer Maitland-Niles blow
Meanwhile, both left back Nacho Monreal and centre forward Danny Welbeck are ready to join the Gunners' training sessions. Arsenal defender, Sead Kolasinac had been ruled out for eight to ten weeks with a knee injury.