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.
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".
I don't know, now, what can happen but my feeling is that we can be a very good team. "In this moment, he has to work". I'm not sure, it's nothing serious but he has a very unusual injury. 'I think we lost completely the distances.
Besides the unique engine , the Cobra Jet has two-way coil-over shocks, an adjustable ride height and a solid 9-inch rear end. Fifty years ago Ford struck out at the NHRA Super Stock competition with its prepped Mustang Cobra Jet racer.
In a report, it is claimed that e-cigarettes are overlooked as an aid to stop smoking and should be made available on the NHS. Vaping shouldn't be treated the same as conventional smoking as it's less harmful and could help people quit, MPs have said.
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.
Inter Milan signing Sime Vrsaljko says he hasn't spoken to Croatian teammate Luka Modric after his transfer plans. Modric has won 14 trophies, including four Champions Leagues, since joining Madrid from Tottenham in 2012.
In the second half, we had less moments in the match and we conceded more chances for Chelsea to score the third goal. Arsenal should have put the game to bed before the break, and they were left ruing their chances in the end.
United were willing to pay the 32-year-old's €25million buyout clause, but the Uruguay global turned down their advances. Godin also distanced himself from reports of his contract extension, "I have not extended my contract".
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.
Speaking on Sky Sports show The Debate , Rosenior said: "Emery's probably spoken to the directors and said this is the way I play. I believe in our team, our players. "The personality we want to play with will be the same in this match".
So, like we said, it's doubtful Apple is going to shove another product into the mix and still keep the event to +/- two hours. DigiTimes also says that the new 13-inch MacBook will feature Intel CPUs built with the company's 14nm Kaby Lake process.
Maurizio Sarri: Chelsea not yet Premier League contenders
Eden Hazard started on the bench for Chelsea again on Saturday, but came on in the second half with devastating impact. His team are already off the pace, though, and that will be a worry for him as the season begins to kick into gear.
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.
US Judge blocks GTA Online modding programs
He added that the programs could damage the company's sales and reputation as people could be discouraged from buying its games. Take-Two further stated it will continue to pursue legal action to protect its multiplayer community, according to Reuters .
Trump cancels plans for military parade
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 .
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.
Priyanka Chopra snapped with 'engagement ring'?
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.