Business Standard

Changing my way of working not an option: Elon Musk

- BLOOMBERG

Tesla Chief Executive Officer Elon Musk, responding to Uber Technologi­es board member Arianna Huffington urging him to change the way he works, ruled out taking a different approach.

An open letter from Huffington to Musk accused him of “demonstrat­ing a wildly outdated, anti-scientific and horribly inefficien­t way of using human energy,” adding in a tweet that the Tesla founder should change the way he works. It follows an interview with the New York Times last week, in which Musk said he sacrificed family milestones in the race to meet Tesla production targets.

Still, the Tesla CEO responded to the letter with a tweet in which he said that Ford Motor and Tesla are the only two American car companies to avoid bankruptcy.

“I just got home from the factory,” Musk wrote at 2: 32 am Pacific time on Sunday. “You think this is an option. It is not.”

Tesla shares plunged 8.9 per cent on Friday after the interview with the New York Times in which he described the past 12 months as “the most difficult and painful year of my career.” References to Ambien use and driving while tweeting are fueling calls for Tesla’s board to step up its oversight of the company’s CEO and largest shareholde­r.

Musk sparked controvers­y by tweeting on August 7 that he had “funding secured” to take Tesla private. He later said that meeting with Saudi Arabia’s sovereign wealth fund had given him confidence to announce the news. The company later received a subpoena from the Securities and Exchange Commission over the tweet.

Huffington’s interventi­on comes at a time when she has been campaignin­g in support of the benefits of sleep. Her descriptio­n accompanyi­ng the open letter describes her as a “flat shoe advocate and sleep evangelist.”

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