Tesla shares down 8 percent after Musk's weird interview

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The tweet sent Tesla shares on a roller coaster, initially climbing by 11 percent after Nasdaq halted trading briefly.

The day's drop in Tesla's stock shaved $5 billion off its market capitalization, but still left it about $1 billion above General Motors' GM.N $51 billion stock market value.

Musk admitted to The New York Times that the past year has been the most "difficult and painful" of his career.

Now, the combative Musk granted a remarkable interview to The New York Times in which he reportedly choked up several times, acknowledged he was working as many as 120 hours a week, said he's using Ambien to help him sleep and called the past year "the most hard and painful year of my career".

"I definitely did not get calls from irate directors", he said. "It's a drama we shouldn't be watching".

Tesla Inc is on its way to make 8,000 Model 3 cars per week even as it burns more cash, Evercore analysts wrote in a note on Thursday, following their visit to the electric-car maker's California facility.

Musk said while he's committed to being Tesla's chairman and CEO, he asked the interviewers if they have anyone that could do a better job to "please let me know".

"They can have the job".

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Jim Mattis also stated that the Taliban fighters are still hiding in homes in the Ghazni City and are waiting to be resupplied. Zabihullah Mujahid, the Taliban spokesman, was quick to deny any involvement by the insurgents in the attack.

'Is there someone who can do the job better? "They can have the reins right now".

Tesla's board showed no sign of taking any action Friday.

In an unusually personal and emotional interview, the electric auto maker's chairman and chief executive said he is exhausted after a year of controversy.

Musk said the carmaker approached Sandberg two years ago for the Tesla COO position.

The interview comes after a very rough couple of weeks for both Musk and his electric vehicle company.

The interview follows a pattern of freaky behavior from the billionaire.

The drug can cause a series of side effects including a unusual combination of sleep walking and amnesia and some board members believe this could contribute to Mr Musk's late-night Twitter seasons, according to The Times. Musk provided a timeline leading up to the Twitter postings on August 7, in which he said he was considering taking the company private at $420 a share.

The US Securities and Exchange Commission (SEC) has so requested information from all Tesla directors, but is unclear what information the authorities require.

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Tesla's stock prices surged that day.

The company could face sanctions if regulators find it misled investors about production delays. Musk previously said that the company would hit that number by the end of 2017 and that sustaining such a production rate was critical for Tesla to become profitable.

Hamish Chamberlayne of Global Sustainable Equity, a Tesla investor, said it would be hard to imagine the company without Musk running things, but backed the hiring of an operations chief.

Musk has also found himself in hot water this year from comments he has made through social media.

Musk said he wasn't aware that the search for such an executive was now active, but the Times quoted other sources as saying such a search was indeed underway.

Mr Gordon said the board had to act now or be open to shareholder lawsuits.

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. "Others could not be corroborated", Tesla said in the statement.

While Musk has described himself as "half Democrat, half Republican" in the past, critics said it was hypocritical of a green energy CEO to donate almost $40,000 to the GOP. Instead, he or she would form a team to work overnight and solve problems.

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Taken unawares, the firm's board said this week that it has formed a special committee to consider going private.

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