Depression: Elon Musk (pictured) defended his prescribed use of the drug Ketamine, arguing that it does not impact his leadership
Elon Musk has said his Ketamine use is in the best interest of shareholders as he pushes back against critics. The world’s third richest man defended his prescribed use of the drug, arguing that it does not impact his leadership.
‘From an investor standpoint, if there is something I’m taking, I should keep taking it,’ he said in an interview with former CNN anchor Don Lemon. Musk said that ‘what matters is execution’ for Wall Street investors, citing the electric car maker’s ongoing success.
Tesla has a market cap of £412billion but its stock has fallen by a third since the start of this year.
In January Musk warned that Tesla’s car production would fall this year as the company reported a sharp drop in profits.
He also runs satellite firm SpaceX and social media company X, formerly known as Twitter.
When asked if he abuses the drug, Musk said: ‘I don’t think so. If you use too much Ketamine, you can’t really get work done, and I have a lot of work.’
Musk said he used Ketamine when he had a ‘negative chemical state’ in his brain ‘like depression’.
His comments follow recent reports that said that executives in the Tesla and SpaceX chief executive officer’s companies had grown concerned about his drug use.
At the time his legal team said Musk was regularly and randomly drug tested at his satellite firm SpaceX and had never failed a test.