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5 Takeaways From Elon Musk’s Interview With The Times About Tesla

Will There Be a No. 2?“To the best of my knowledge,” Mr. Musk told The Times on Thursday, there was “no active search right now.” People familiar with the matter, however, said that executives were looking for a No. 2 executive, and one person said the hunt had intensified in recent weeks.A couple of years ago, Tesla approached Sheryl Sandberg, currently Facebook’s second most senior executive, about the job, Mr. Musk said.No RegretsAlthough his tweet prompted questions from the Securities and Exchange Commission — such information is usually issued through official channels after extensive preparation — and from his own board, Mr. Musk said he did not…

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Elon Musk Details ‘Excruciating’ Personal Toll of Tesla Turmoil

Elon Musk was at home in Los Angeles, struggling to maintain his composure. “This past year has been the most difficult and painful year of my career,” he said. “It was excruciating.”The year has only gotten more intense for Mr. Musk, the chairman and chief executive of the electric-car maker Tesla, since he abruptly declared on Twitter last week that he hoped to convert the publicly traded company into a private one. The episode kicked off a furor in the markets and within Tesla itself, and he acknowledged on Thursday that he was fraying.In an hourlong interview with The New York Times, he choked up multiple times,…

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Tesla Directors, in Damage Control Mode, Want Elon Musk to Stop Tweeting

Members of Tesla’s board are scrambling to control a chief executive who some directors think is out of control.Elon Musk, the electric-car maker’s co-founder and chief executive, stirred up a public storm by announcing on Twitter last week that he wanted to turn Tesla into a private company. In recent days, according to people familiar with the matter, some of his fellow board members delivered a stern message: Stop tweeting.Mr. Musk hasn’t heeded that advice. He has continued to post messages on Twitter, publicly plotting the company’s strategy and in some cases making assertions of dubious accuracy. That has only added to the chaos engulfing the struggling…

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Tesla Turns Back Rare Challenge From Shareholders

As the company has used up cash, analysts warned that it may have to turn to investors for additional capital. And earlier this year, Moody’s Investors Service downgraded Tesla’s credit ratings, citing the Model 3 and the company’s high expenses. But there have also been difficulties beyond the balance sheet: Federal safety regulators are investigating its Autopilot technology after a series of crashes, including a fatal accident in March in California, that occurred while the driver-assistance system was engaged.Still, many investors remain wildly supportive of Mr. Musk and Tesla — the company’s stock has rallied in recent weeks after tumbling sharply in late March and early April…

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