Of course, that wasn’t true. While Musk had reportedly been in talks with Saudi Arabia to collect the funds needed to take the company private, it appears they were purely discussions, and he hadn’t actually locked any investments in.
The tweet prompted the U.S. Securities and Exchange Commission to start investigatingMusk for potentially misleading investors. The SEC reportedly served Tesla with subpoenas, according to Fox News.
In an interview with the New York Times, Musk opened up about being under immense stress and pressure this year, recalling how he’s slept at Tesla’s factories in order to help solve Model 3 bottlenecks that were preventing the company from reaching its weekly production goals.
In addition to helming Tesla, SpaceX, and The Boring Company, it appears Musk’s personal life hasn’t been smooth sailing either, which could have also contributed to his irresponsible tweeting.
The billionaire entrepreneur was dating musician Grimes for several months, but after his Twitter meltdown prompted her to withhold his phone, the two may have split up. Musk and Grimes unfollowed each other on Twitter and while neither has officially confirmed the breakup, it’s 2018 and we’re not stupid.
Musk’s decision to keep Tesla public will brush much of the blowback under the rug for a little bit and buy him some much-needed time away from the spotlight, but things won’t get easier. Next quarter is right around the corner and Wall Street will be back to eat him and Tesla up.
Honestly, it might be time for Musk to grow some thicker skin, especially if he’s in it for the long haul. And maybe tweet less, too.
Article Appeared @https://mashable.com/2018/08/25/elon-musk-keeps-tesla-public-company/?utm_cid=hp-r-15#VxGgQt_8hOqq