Is Elon Musk's backer Pif, or just piffle?

2019 Audi e-tron prototype drive Pikes Peak

If the talks do lead to a deal, this would jeopardize the plans of Tesla's chief executive Elon Musk to take the company private with the help of Saudi money-plans that he recently shared on Twitter, which caused the latest media frenzy along with an SEC probe into whether his "funding secured" statement about the plan was founded on fact. That tweet and the subsequent radio silence on the part of Musk and Tesla in the days after prompted the Securities and Exchange Commission to launch an inquiry and resulted in Musk providing more details about the financing. Nothing will get easier this week as he and Tesla's board align with their separate sets of legal and financial advisers, all amid inquiries from U.S. securities regulators. References to Ambien use and driving while tweeting are fueling calls for Tesla's board to step up its oversight of the company's CEO and largest shareholder.

Tesla has marketed its top-of-the-line models that boast head-snapping acceleration as having "Insane" and "Ludicrous" modes.

Musk added that his electric vehicle company and Ford are the only two American automakers that have avoided bankruptcy.

On Friday, Arianna Huffington - who collapsed from exhaustion in 2007 and has since become a crusader for the importance of sleep - penned an open letter to Musk asking him to "apply that same passion for science not just to your products but to yourself".

Tesla shares hit $380 on 7 August following Mr Musk's tweet, but have continued to fall since then.

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One analyst said Musk and Tesla investors face a hard dilemma. There's no way you can connect with your unbelievable vision and creativity when you don't give yourself time to reconnect not just with those you love but also with yourself and your wisdom, ' she added.

Huffington's attempted intervention comes at a time when she's been campaigning in support of the benefits of sleep.

In researching this story, I went back into the CleanTechnica files and was surprised to find we had written barely a word about the company since July of past year when we reported a prototype of the Lucid Air sedan had achieved a top speed of 235 miles per hour.

Lucid first announced in November 2016 that it chose Arizona as the home for a $700 million manufacturing facility.

While JP Morgan has adopted a critical stance on Tesla, Oppenheimer & Co Inc senior analyst Colin Rusch maintained a more optimistic outlook on the company, stating that Tesla's fundamentals are starting to get better.

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