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00:00:00
>> Elon Musk opened up about his personal life on Thursday, saying that the past year has been the most difficult and painful time of his career. In an emotional interview with the New York Times, the Tesla founder revealed that pressures at work were causing his house to deteriorate.
00:00:18
But he says that the worst in terms of a quote, personal pain standpoint, is yet to come. Musk is facing lawsuits and a federal investigation over his tweets last week about taking Tesla private at $420 a share, funding secured. It caused havoc on the markets and the company's stock rose 11%.
00:00:39
But that funding was far from secure. Musk says he was referring to a potential investment by a Saudi government fund, but it hadn't committed to providing any cash. Afterwards, investors sued Musk, claiming his tweets were misleading.
NOISE] M
sk addressed the incident in the interview and said the tweet was an attempt at transparency.
00:01:00
He also admitted no one else had seen or reviewed it before it was posted. According to New York Times sources,>> Lift off!>> A possibility under consideration is that SpaceX, Musk's rocket company, would help bankroll the Tesla privatization. The Times also says efforts are now underway to find a number 2 executive to help take some pressure off Musk.
00:01:24
But in the interview, Musk denied those claims, saying there was no active search to the best of his knowledge. As well, he says he has no plans to give up either of his roles at the company as chief executive and chairman.