Elon Musk, the CEO of Tesla and SpaceX, is reportedly facing growing concerns from executives and board members over his alleged use of illegal drugs, including ecstasy and cocaine.
According to a report from the Wall Street Journal, individuals close to Musk have expressed worries that his drug use may be contributing to erratic behavior, raising questions about the potential repercussions for his six major businesses.
Drug Use Impacting Business Stability
The concern for Elon Musk’s well-being extends beyond personal health to the stability of his companies, which include Tesla and SpaceX.
With Musk being integral to the value of these enterprises, an estimated $1 trillion in assets held by investors, tens of thousands of jobs, and key components of the US space program could be at risk.
While Musk’s attorney, Alex Spiro, asserts that the CEO undergoes regular and random drug testing at SpaceX and has never failed a test, the reported drug use raises questions about the impact on Musk’s decision-making and behavior.
Elon Musk’s past public discussions about drug use, including smoking marijuana on the Joe Rogan show and disclosing his prescription for ketamine, are highlighted in the report.
Witnesses cited in the Journal claim that Musk has used various substances, including LSD, cocaine, ecstasy, and psychedelic mushrooms, often at private exclusive parties with strict confidentiality measures.
Concerns about the extent of Elon Musk’s drug consumption are now leading those close to him to worry about potential health and business crises.
The article recounts instances of Elon Musk allegedly using drugs at parties, including taking acid in Los Angeles in 2018, magic mushrooms in Mexico in 2019, and recreational ketamine use in Miami in 2021. The report also mentions Musk consuming drugs with SpaceX and former Tesla board member Steve Jurvetson.
The potential violation of federal policies due to illegal drug use could jeopardize SpaceX’s government contracts, including its role as the only US company approved to transport NASA astronauts to and from the International Space Station.
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Elon Musk’s Alleged Drug Use Impacts Leadership at Top of His Businesses
Elon Musk’s drug use has reportedly led to resignations at the top of his businesses, with concerns raised by individuals like Linda Johnson Rice, a former Tesla director, who did not stand for re-election in 2019 due to concerns about Musk’s behavior.
The Wall Street Journal report emphasizes instances of Musk’s alleged drug-related behavior, including a 2017 SpaceX meeting where he was reportedly slurring his words and speaking incomprehensibly for fifteen minutes.
Concerns over Musk’s behavior also arose in 2018 after publicly smoking marijuana with Joe Rogan and tweeting about taking Tesla private, leading to an SEC investigation and Musk temporarily stepping down as Tesla chairman.
The ongoing concerns highlight the delicate balance between personal choices, corporate leadership, and the potential impact on substantial assets and business operations.
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