From one business visionary to another, Virgin Group's Richard Branson has given embattled Tesla founder Elon Musk some advice after his recent troubles. Asked by CNBC's Nancy Hungerford what advice he would give to Musk, Branson hesitated before saying that he should learn to delegate. "I think he maybe needs to learn the art of delegation," Branson said, speaking at the Barclays Asia Forum in Singapore Tuesday. "He's got to find time for himself, he's got to find time for his health and for his family. He's a wonderfully creative person but he shouldn't be getting very little sleep. He should find a fantastic team of people around him." Branson said part of the reason why he himself had such an "enjoyable life and a long life" is due to him finding "wonderful people" to run his companies, only getting involved with the key issues.

Richard Branson Lisa Maree Williams | Getty Images

'We've talked about it'

Branson said he had sat down and "talked about it" with Musk, alluding to the fact he might have imparted some paternal advice for the younger entrepreneur. He repeated that learning the art of delegation better would overcome "his one flaw." "Don't feel you have to put out tweets about public shareholders, leave the public game to people who enjoy that. He obviously doesn't enjoy it, so (he should) clear the decks and concentrate on the creative side," Branson said. Asked about the progress of his own Virgin Hyperloop One project, Branson said it was "very close" to being up and running, particularly in India.