Tesla falls sharply after Elon Musk's tearful interview [CNNMoney.com]
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Source: CNNMoney.com
Tesla's stock falls sharply after Elon Musk's tearful interviewTesla's stock tumbled after CEO Elon Musk said he's working himself to the bone and relies on Ambien to sleep.In an tearful interview with The New York Times, Musk said this has been "the most difficult and painful year" of his career. He said he works 120 hours some weeks and has trouble sleeping. Musk is also CEO of SpaceX and The Boring Company.Investors weren't sympathetic.The stock closed down 9% on Friday, and it's down 21% since the day Musk tweeted he had secured funding for a private takeover of Tesla(TSLA).Musk hasn't exactly given investors confidence that he's on the ball.He admitted in the Times interview that he hadn't cleared his tweet with anyone at Tesla before firing it off midday August 7.He also said that the price he chose — $420 a share — was somewhat arbitrary. He wanted it to be a 20% premium, which would have been around $419. So he tweeted $420 because it was "better karma."Musk explained himself
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TSLA
News
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TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form DEFA14A
- 4/24/24 - Form 10-Q
- TSLA's page on the SEC website