The shares were off as much as 8% Friday morning, after Musk's tell-all confessional in the New York Times, well within this wild stock's average volatility.
In an emotional interview with The New York Times, Musk also revealed that the pressures of work had caused him to spend his birthday stuck in the Tesla factory and nearly miss his brother's wedding. "There were times when I didn't leave the factory for three or four days - days when I didn't go outside", he tells reporters over an hour long call.
On top of that, the company's battery Gigafactory outside Reno, Nevada is still only partially complete, and Musk has said that an announcement about a European plant will likely come by the end of this year.
Amid mounting questions about such a deal, Musk said that Saudi Arabia's Public Investment Fund had expressed interest in participating. Tesla's stock price is down 1 percent for the year. Musk discussed his recent tweets claiming that he wanted to take Tesla private once stock prices reached $420 a share.
Asked if he regretted it, he said: "Why would I?"
Rather than putting him to sleep, the drug has sometimes led Mr Musk to spend his nights on Twitter, to the worry of some board members, the newspaper said, citing a person familiar with the board's thinking.
Bringing the depravity of the situation to the surface, Musk said that he has not taken leaves of more than a week from work since 2001.
Rescuers help people in flooded Kerala
The India Meteorological Department (IMD) said the intensity of rainfall in the state would reduce in the next two to three days. Power supply in many parts of the state was affected as the state electricity board switched off to avoid any accident.
Tesla's communications team - which has spoken in turn on behalf of the company, the board and Musk himself - didn't immediately comment on the Times story, the board's activities or whether the company is actively looking for a COO.
However, in a fresh blow, it was claimed an investigation into Tesla by the Securities and Exchange Commission was wider than previously thought.
Musk said he wasn't aware that the search for such an executive was now active, but the Times quoted other sources as saying such a search was indeed underway.
The founder of the electric auto manufacturer, who oversees other ambitious companies like SpaceX and The Boring Company, spoke of the deterioration in his physical health and the overwork which almost caused him to miss his brother's wedding.
For everyone keeping score, Elon's recent troubles - majority of his own making - having included blasting a rescue cave diver as a "pedo guy" on Twitter; dismissing analyst questions during an earnings call as "boneheaded"; and the seemingly ill-thought out privatization tweet, to name a few. "They can have the reins right now", Musk tells the Times. Inside the report details info about the privatization efforts, the toll running Tesla is taking on Musk, the Board of Director's reaction to Musk's actions, and how he believes the short-sellers are responsible for some of the issues Tesla has been facing. He said: 'It seemed like better karma at $420 than at $419. They can have the job.
'This has really come at the expense of seeing my kids.
'Is there someone who can do the job better? He stood by his tweet last week saying he might take Tesla private and that he had secured the funding to do so.