Elon Musk wants to sleep more hours: On Thursday in an interview with confessional New York Times interview Tesla CEO Elon Musk claims that he is working 120 hours a week. And now due to lack of sleep, it looks increasingly problematic.
Now the profound stress of it seems to be getting to him, exacerbated by the backlash to his out of the blue tweets about privatizing the electric car company.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
Musk said in the interview “There were times when I didn’t leave the factory for three or four days — days when I didn’t go outside,” “This has really come at the expense of seeing my kids. And seeing friends.”
After this interview market reaction was literally stunning, the 8.9% drop in Tesla shares on Friday that cut their value by nearly $30 to $305.50.
Because everybody believes Elon and his creative mind, even more than his company.
Undoubtedly, he works long hours. But the U.S. Bureau of Labor Statistics finds that, in general, most people regularly overestimate how much time they devote to work, typically by as much as 10%, according to one study. (And it turns out that based on government research conducted since 2003, men consistently report logging more hours per day at work than women do.)
If we calculate his 120 hours a week or 17 hours a day. He claims he only left 6.9 hours to do other things that are part of life for regular humans: sleeping, eating, bathing, commuting, seeing kids, family and friends, exercising, and bathroom breaks.
He is a billionaire who lives in Los Angeles’ ultra-posh Bel Air neighborhood so it’s a reliable bet that he’s got people going to the grocery store for him, cleaning, cooking, paying his bills, chauffeuring his five sons to their private school (that Musk created) and picking up his Ambien prescription at the drugstore that he says he needs to sleep.
“It is often a choice of no sleep or Ambien,” he said in the interview.
And sleep, or in Musk’s case, too little of it may be expanding the challenges that come with those long weeks, as well as SEC inquiries and agitated board members.
Oh, and too little sleep also shortens one’s lifespan and is linked to diabetes, increased risk of Alzheimer’s Disease and a weakened immune system, Walker said.
Ambien is regularly prescribed to aid people having trouble sleeping enough, but it’s also linked to side effects that can include “abnormal thinking, behavioral changes and complex behaviors” such as “sleep-driving” and even hallucinations, according to the FDA. The drug’s warning label also points out that it can cause a “worsening of depression” and even “suicidal thinking.”
“I have an enormous amount of respect for him and what he’s accomplishing. It would be desperately sad to see him fall into ill health, sickness or disease by way of insufficient sleep,” Walker said.
“The irony that a lot of high-pressure, high-profile people miss is that less sleep does not equal more productivity,” he said. “Sleep dramatically accelerates efficiency and effectiveness thereby leading to enhanced productivity. If the reason that you are not sleeping enough is you want to do more, I would argue that it’s the wrong approach.”