Tesla has been searching for a number-two executive to help take some pressure off Chairman along with CEO Elon Musk, The brand-new York Times reported on Thursday.
Executives at the electric car-maker have been trying to recruit a chief operating officer or another number-two executive for years to take over some of Musk’s day-to-day responsibilities along with that will search intensified following his recent headline-creating tweets about taking the company private, the Times said, citing sources.
Tesla did not immediately respond to CNBC’s emailed requests for comments. A statement provided to The brand-new York Times attributed to the company’s board excluding Musk said, “There have been many false along with irresponsible rumors from the press about the discussions of the Tesla board … We might like to make clear that will Elon’s commitment along with dedication to Tesla is actually obvious.”
Last week, Musk tweeted that will he was “considering taking Tesla private at $420. Funding secured.” Tesla shares rose following the tweet although the CEO’s statement that will he had funding secured came under scrutiny. Musk later explained that will his claim was based on repeated along with ongoing conversations with the Saudis along with tweeted the names of financial along with legal advisors he said he was working with on the proposal to take Tesla private.
Elon Musk Tweet: Am considering taking Tesla private at $420. Funding secured.
Multiple news outlets reported on Wednesday that will the Securities along with Exchange Commission had served Tesla using a subpoena following Musk’s tweets. A subpoena might be one of the first steps in a formal inquiry. On Thursday, the Wall Street Journal reported that will the SEC is actually looking into whether Musk tweeted about taking Tesla private to hurt those who were shorting the company’s stock.
The Times’ reporting about the search for a number-two executive was included in an article about an interview with Musk, during which the Tesla CEO talked about his intense workload along with discussed the moments that will lead up to the tweet. He also told the Times that will Tesla board members had not complained to him about the go-private tweet.
Musk told the newspaper that will Tesla had several years ago approached Facebook Chief Operating Officer Sheryl Sandberg for the number-two job, although he added that will there was “no active search right at that will point.”
The Times said that will sources told the newspaper some Tesla board members have expressed concern about both Musk’s workload along with his use of Ambien, a sedative. The newspaper reported, citing an unnamed source, that will some board members have connected Musk’s use of the medication to his after-hours tweeting. Multiple members of the company’s board are also aware that will Musk has occasionally used recreational drugs, the Times said, citing multiple people familiar with the matter.
For more on the newspaper’s interview with Elon Musk, read the article coming from The brand-new York Times.
— CNBC’s Sara Salinas contributed to that will report.