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Showing posts with label Elon Musk. Show all posts
Showing posts with label Elon Musk. Show all posts
Saturday
Former Tesla director Larry Ellison invited Elon Musk to Hawaii to 'dry out' from drugs, report says
Katherine Tangalakis-Lippert and
Elon Musk's drug use so worried his business associates and company board members that they asked him to go to rehab and even take a break from working to "dry out" from various substances, including LSD, cocaine, ecstasy, and ketamine, a new report from The Wall Street Journal said.
Larry Ellison, Musk's close friend, a former Tesla director, and the billionaire cofounder of Oracle, went so far as to urge Musk to travel to Hawaii during winter 2022 to pause his work and avoid drugs, the outlet reported, citing people familiar with the offer.
Ellison's proposal came amid increasing concerns among Musk's friends and associates that Musk's drug use was getting worse, some of those people told the Journal.
At a party in the Hollywood Hills neighborhood of Los Angeles around the time of Ellison's suggestion, the report added, one person who attended the event said Musk drank ecstasy in "liquid form" from a water bottle after having his personal security clear the floor for privacy.
The Journal reported the "volume" of Musk's drug use had contributed to a culture of peer pressure among Musk's friends and board directors of his various companies that created an "expectation" for them to use drugs alongside him to maintain the social status gained by being close to the billionaire.
Musk, Ellison, and their lawyers Alex Spiro and Christopher Muzzi did not immediately respond to requests for comment from Business Insider.
The Journal previously reported Musk, who is reportedly one of several executives in Silicon Valley to try his hand at psychedelics such as ketamine, had also indulged in LSD, cocaine, ecstasy, and "magic" mushrooms.
Despite proclaiming that he doesn't "like doing illegal drugs," Musk's drug use has previously put him and his companies on notice.
After he smoked marijuana on an episode of "The Joe Rogan Experience" podcast, NASA made SpaceX pledge in writing that the company was following federal guidelines on drug use in the workplace. The company spent $5 million in taxpayer money to properly train its employees on the rules, the Journal reported.
The billionaire also said on X that he had a prescription for ketamine, which research has suggested can be used to treat depression.
Experts previously told BI that the combination of hard drugs Musk is said to have used came with several health risks, especially at his age of 52.
Those include irregular heartbeat and incontinence, as well as psychosis if the user has bipolar disorder. In 2017, CNBC reported Musk suggested to his Twitter followers that he had the disorder.
Friday
Toxic Culture: Elon Musk's company directors are said to feel an 'expectation' to use drugs with him to avoid upsetting the billionaire
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| Elon Musk smokes weed on an episode of the Joe Rogan experience. |
Elon Musk is said to have created a culture of peer pressure among some of his friends and business associates that encourages them to use drugs with him, according to a new report from The Wall Street Journal that details how board members and directors of his various companies either participate in or enable his substance use to stay close to the billionaire.
The Journal reported that at parties in recent years, Musk had been spotted taking ketamine recreationally through a nasal spray and drinking liquid ecstasy from a water bottle, citing people who witnessed the drug use or were briefed about it.
Current and former Tesla and SpaceX directors and board members— some of whom have invested tens of millions of dollars in Musk's companies or have significant stock options tied to their roles — had also used drugs with him, the Journal reported.
Sources told the Journal that the "volume" of Musk's drug use had created a culture wherein his closest business associates feared losing their wealth and social status by upsetting the billionaire if they refused to use drugs with him.
Musk, his lawyer Alex Spiro, and representatives for Tesla and SpaceX didn't immediately respond to requests for comment from Business Insider.
Following a January 6 report by The Journal that said the 52-year-old had used cocaine, LSD, ecstasy, and magic mushrooms over the years, Musk said in a post on X: "Whatever I'm doing, I should obviously keep doing it!"
After the January report, which could jeopardize Musk's security clearance as well as the billions of dollars of government contracts enjoyed by SpaceX as a defense contractor because of federal regulations on drug use, NASA said in a statement: "The agency does not have evidence of noncompliance from SpaceX on how the company addresses the drug- and alcohol-free workforce regulations."
Musk's reported drug use has been at the center of recent controversies after the Journal reported that a former director at Tesla was so concerned about Musk's drug use and unpredictable behavior that she chose not to stand for reelection to the electric-car company's board.
The Journal also reported that SpaceX executives worried Musk was on drugs during a "cringeworthy" all-hands meeting, in which the billionaire arrived nearly an hour late, rambling and slurring his words for about 15 minutes before the meeting was taken over by the spacecraft manufacturer's president.
Wednesday
Elom Musk makes history: Becomes first person to lose $200 billion and counting......
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| Illustration: Ryan Trefes |
CC™ News
By Tade Ogunjobi
Billionaire Elon Musk, formerly the richest man in the world, has broken a new record as the first person in history to lose $200 billion and counting, as things stand.
According to the Western/European centric Bloomberg Billionaire’s Index, the Tesla founder and Twitter owner lost $200 billion off his net worth.
It was gathered that Musk’s wealth plummeted to $137 billion following the decline in Tesla shares in recent week. This includes a massive 11 per cent fall in Tesla shares on December 27.
Tesla, out of desperation resorted to offering consumers in the United States a $7,500 discount for its two highest-volume models before the end of 2022.
Recall Musk’s fortune topped at $340 billion in November 2021.
On the back of this, he was the world’s richest person for more than a year at a stretch.
The new Twitter owner was then overtaken this month by Bernard Arnault, the French business magnate and co-founder of luxury goods powerhouse LVMH.
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