- Elon Musk's infamous "funding secured" tweet could end up costing him and his business billions, due to pending investor lawsuits and SEC scrutiny.
- But Musk has no plan to stop tweeting, he told The New York Times in an interview.
Tesla CEO Elon Musk has sent tweets that could reportedly cost him and his business billions.
Both the Security and Exchange Commission and angry investors are starting to look into whether Musk's famous "funding secured" tweets broke laws and manipulated public markets.
But despite the headaches caused by his Twitter habit, he's not planning to stop, and doesn't regret that tweet.
"Why would I?" he told The New York Times in an interview.
However, directors on Tesla's board reportedly want him to stop tweeting.
It's not just his 280-character messages about taking Tesla private that have drawn scrutiny — he's also tweeted jokes about Tesla going bankrupt, attacked journalists and investors, and even called a rescuer in the Thai cave crisis a "pedo guy," as in pedophile, without any evidence.
He's still tweeting about nonpublic information. On Thursday, he replied to a Reuters reporter with details about a negotiation with Nvidia, another public technology company.
The New York Times writes in its fantastic look at Musk's mental state that people close to the billionaire CEO and founder are concerned that he's been tweeting on Ambien, a sleep medication that was also blamed for tweets that got Roseanne fired from her show.
"But this has worried some board members, who have noted that sometimes the drug does not put Mr. Musk to sleep but instead contributes to late-night Twitter sessions, according to a person familiar with the board’s thinking," the Times reported.
In the interview, Musk said that he used Ambien to sleep after working up to 120 hours a week. But even before he told that to the Times, confirmation that he tweets while taking Ambien can be found — where else? — on his Twitter feed.
More from Elon Musk's New York Times interview:
- Elon Musk once tried to poach Facebook's Sheryl Sandberg to lighten his 'excruciating' workload at Tesla
- Elon Musk's $420 target for Tesla stock probably wasn't a reference to weed
- Elon Musk describes his 'excruciating' year and says he's had to take Ambien to get to sleep
- 'The most difficult and painful year of my career': Tesla CEO Elon Musk opens up about personal and professional struggles in revealing interview
- Elon Musk is gearing up for 'months of extreme torture from the short-sellers'