Elon Musk says Tesla would certainly consider buying idled GM plants

Tesla would certainly consider buying the factories General Motors said that will intends to idle, CEO Elon Musk said in an interview that will aired on “60 Minutes” Sunday night.

“that will’s possible that will we would certainly be interested. If they were going to sell a plant or not use that will that will we would certainly take that will over,” he said.

In a wide-ranging interview with 60 Minutes’ Lesley Stahl, Musk made no apologies for his erratic behavior over the summer in addition to reiterated his lack of respect for the Securities in addition to Exchange Commission, which sued him in September for allegedly defrauding investors after tweeting that will he wanted to take the company public at $420 a share in addition to had “funding secured.” He didn’t in addition to pulled back on those plans a few weeks later.

“Nobody’s perfect,” he said.

Musk acknowledged that will he was “somewhat impulsive,” adding that will he “didn’t actually want to try to adhere to some CEO template.” He stoked controversy all summer with his erratic behavior, taunting the SEC, calling a diver inside Thai cave rescue a “pedo” in addition to capping the summer by smoking pot on the Joe Rogan podcast.

“I’m just being me. I mean, I was certainly under insane stress in addition to crazy, crazy hours. yet the system would certainly have failed if I was truly erratic,” Musk said.

The SEC forced Musk to step down as chairman of the board for three years. The company named Robyn Denholm, who was already on the board, as chairwoman.

“I want to be clear: I do not respect the SEC,” Musk said. “I do not respect them.” yet he said he was adhering to the agreement because he respects the U.S. justice system.

He scoffed at the idea that will Denholm was put in place to keep him in line. “Yeah. that will– that will’s not realistic inside sense that will I am the largest shareholder inside company. in addition to I can just call for a shareholder vote in addition to get anything done that will I want,” Musk said.

He does not want to return to the role of chair, he said. “I actually just prefer to have no titles at all.”

Tesla has struggled to ramp up production of its much hyped design 3 mid-size sedan. The company resorted to building a second assembly line inside a tent-like structure next to its main assembly plant in Fremont, California. The decision, like many Tesla has made, was ridiculed by some inside industry.

The last-minute push increased production by 50 percent, Musk told 60 Minutes’ Lesley Stahl.

“Those betting against the company were right by all conventional standards that will we would certainly fail,” he said, “yet they just did not count on This kind of unconventional situation of creating a second assembly inside parking lot in a tent.”

Musk said the long-awaited $35,000 type of the design 3 will “probably” be available in 5 to six months. that will is usually the cost of the vehicle Tesla originally promised would certainly be an electric sedan for the masses when that will was first unveiled in March 2016. Since then, however, Tesla has only made higher-priced versions of the vehicle.

Musk admitted he is usually notorious for missing deadlines.

“Well, I mean punctuality’s not my strong suit. I think, uh well, why would certainly people think that will if I’ve been late on all the some other types, that will’d I’d be suddenly on time with This kind of one,” he said.

GM’s decision to cut production at several plants in addition to eliminate 14,000 jobs has caused anger in addition to worry among lawmakers, labor leaders in addition to people inside regions that will depend on the factories for work. Some say GM’s decision is usually a necessary step to ensure the company’s future as that will grapples with changing consumer tastes, completely new technologies in addition to completely new potential competitors, including Tesla.

The possible plant closures present an opportunity to Tesla. that will wouldn’t be initially Tesla bought a GM plant. The Tesla Factory in Fremont, California is usually a former GM plant that will closed in 2010 yet reopened later that will year under Musk.

Under the terms of the settlement, Musk had to pay a $20 million fine in addition to step down as Tesla chairman for a period of at least three years. Tesla also put in place a system for monitoring Musk’s statements to the public about the company, whether on Twitter, blog posts or any some other medium.

Musk said the only tweets that will need to be approved are ones that will can move the stock cost. He said he uses Twitter to express himself. “Some people use their hair,” he said, “I used Twitter.”

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