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Elon Musk: “I have too much work on my plate”

Elon Musk: “I have too much work on my plate”

NUSA DUA, Indonesia, Nov 14 (Reuters) – Billionaire Elon Musk said on Monday he was working “the greatest amount … from morning to night, seven days a week” when asked about the recent acquisition of Twitter and his leadership of the automaker Tesla Inc (TSLA.O).

“I have too much work on my plate that’s for sure,” Musk said via video link at a business conference on the sidelines of the G20 summit in Bali.

Musk is the CEO of both companies and also runs the rocket company SpaceX, the brain startup Neuralink and the tunnel-building company Boring Company. Wearing a batik T-shirt sent by the organizers, he appeared on the screen lit by candles, explaining that he was speaking from a place that had just lost power.

Tesla investors are concerned that Musk, a self-confessed “nanomanager” who has been personally involved in decision-making at the working level, from car styling to supply chain issues, has been distracted at a critical time for the world’s largest electric vehicle maker.

Tesla’s stock has halved in value since early April, when it revealed it was taking a stake in Twitter. His sale of Tesla stock, including another $4 billion last week to bring his Twitter-related sales to $20 billion, added to the pressure.

When asked about the complexity of industrial supply chains being “decoupled” from China and the risks of a Russian invasion of Ukraine, Musk returned to how busy he was.

Responding to the observation that many business leaders in Asia wanted to be “the Elon Musk of the East,” Musk said, “I would be careful what you wish for. I’m not sure how many people would actually want to be me. They would want to be what they imagine they are.” , which is not the same as being me. Honestly, the amount I torture myself with is next level.”

Musk also said he wants to see Twitter support more video and longer-form videos so content creators can make a living on the platform, but did not elaborate. His remarks were broadcast live on Alphabet Inc (GOOGL.O) YouTube.

Indonesia is trying to reach a deal with Tesla to invest in batteries and a potential deal for SpaceX to develop a rocket launch site.

Musk didn’t commit to either, but said Indonesia has a big role in the electric vehicle supply chain and it would make sense “long term” for SpaceX to have multiple launch points around the world.

It was not clear where Musk was during the Bali event. His personal jet has remained in Austin, Texas, Tesla’s headquarters since the weekend, according to @ElonJet, a Twitter account that follows Musk’s Gulfstream G650.

“I’m just watching this video and it’s so bizarre,” Musk said. “I sit here in the dark surrounded by candles.”

Musk added that he believes the economy will make the transition to sustainable energy, adding that “it’s just a matter of how long it takes.” He said space exploration should remain a priority “so we can understand the nature of the universe and our place in it.”

“We might find alien civilizations or discover civilizations that existed millions of years ago, but we’re seeing the ruins of ancient civilizations. I think that would be incredibly interesting,” he said.

Reporting by Leik Kihar; By Kevin Krolicki; Editing by Edwina Gibbs

Our standards: Thomson Reuters Trust Principles.



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