"We got complacent about some of the things that we felt were our core technology.
"We put too much new technology into the Model 3 all at once. This should have been staged."
Musk, on a tour of the factory for CBS News, admitted that he sometimes slept at the factory when he was overwhelmed with work, and said the criticism was affecting him.
"When things get really intense, I don't have time to go home and shower and change, so I just sleep here," the tech billionaire said.
"Last time I was here, I actually slept literally on the floor, because the couch was too narrow."
In the past month, Tesla has issued a voluntary recall of 123,000 of its older Model S vehicles, dealt with a fatal crash of a vehicle equipped with its semi-autonomous driving system and suffered a downgrade of its credit status.
But Musk said his immediate priority was solving production delays for the company's Model 3 sedan.
"I'm definitely under stress, so if I seem like I'm not under stress then I'm going to be clear, I'm definitely under stress," he said.