Tesla Stock Falls as CEO Appears to Smoke Marijuana on Video

09 September, 2018, 01:30 | Author: Billie Castillo
  • Musk's Boring Company which he describes as a

Elon Musk has never been a conventional CEO, but his behavior has seemed increasingly erratic in recent weeks.

Tesla has long struggled with high turnover among its senior executive ranks, and its finance team, in particular, has gone through significant tumult lately.

The company disclosed the departure in a regulatory filing.

In a wide-ranging late-night interview with Joe Rogan that was live-streamed online, Musk took a puff from what the popular podcast host described as "marijuana inside of a tobacco".

The auto company has struggled to scale up production of its Model 3 sedan, which has been hit by a number of delays, intensifying the pressure on Musk. The slightest misstep of ANY CEO can send stock prices tumbling or soaring.

The plunge in Tesla's stock comes just a day after Elon Musk expressed his support for a report estimating the U.S. sales figures for electric cars now available in the United States. They say his questionable public persona culminated in his dubious claim on Twitter last month that he had "funding secured" to take Tesla private.

Last night Elon Musk, the billionaire inventor and electric auto innovator, was a guest on Joe Rogan's podcast.

The interview was taped in California, where marijuana is legal. Prices are now hovering at just under a seven percent drop on the day, a ~$4 billion dollar drop in market capitalization.

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Tesla's chief accountant, Dave Morton, resigned Tuesday after just a month at the company, the automaker disclosed on Friday in a filing with the Securities and Exchange Commission. In the first quarter of this year, the company lost Morton's predecessor, Eric Branderiz, and Susan Repo, who was treasurer and vice-president of finance. The move came as a total surprise.

Overall, Morton appears to have parted ways with Tesla amicably, stating that he still believes in the company's overall mission, as well as its future prospects. "Do people get upset at you if you do certain things?"

It's not clear whether the reshuffling of executives goes quite that far, but it does address a vacuum that had been developing at the top of the company as several top executives have recently left.

The Tesla CEO mused about life and work with Rogan over whiskey and a marijuana joint.

The market was again rocked by a second unexpected departure.

Toledano, who has been on leave of absence from the company, said she would not be returning to the company. "The trick is that you have to transition to level flight".

"For a while, there will be a lot of fuss and noise in the media", Musk wrote. After all, Tesla fundamentals have been improving and the automaker is looking like it might finally turn the corner and become profitable. Musk follows by shrugging his shoulders at the experience, apparently unimpressed.

Then, like a nervous teen trying to fit in with the cool kids in an outdated after school special, Musk exhaled before the weed smoke could touch his lungs, employing President Bill Clinton's famed anti-inhalation method.


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