Will Tesla be around for that much longer? Elon Musk, stock drops, Tweet scares

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Tesla shares dropped nearly 9 percent after the New York Times reported stress is taking a heavy toll on CEO Elon Musk. (KGO-TV)

Tesla shares dropped nearly 9 percent after the New York Times reported stress is taking a heavy toll on CEO Elon Musk.

In the devastating report, Musk told the Times he has been working up to 120 hours a week and taking Ambien to get to sleep.

Musk created a stir last week when he tweeted that he wanted to take Tesla private.

RELATED: Elon Musk shakes Tesla investors, fans of company with one tweet

Tesla closed at $305 a share, down 30 points Friday.

This week alone Tesla has lost $8 billion in shareholder value.

Executive Director of C-Net, Ian Sherr, stopped by ABC7 News to talk about the implications of these changes for Musk and Tesla.

For more stories, photos, and video on Tesla and Elon Musk, visit this page.
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