Tesla shares fall after Elon Musk smokes weed, drinks whisky during interview

Adjust Comment Print

Tesla shares have fallen sharply after two senior executives abruptly left the electric vehicle firm headed by Elon Musk.

Tesla stock (NASDAQ:TSLA) is down 6% in Friday's intraday amid reports that the company lost two more executives, with Chief Accounting Officer David H. Morton, Jr. leaving his post after just two months and Chief People Officer Gabrielle Toledano confirming that she would not be coming back from a leave.

He continued, "As a result, this caused me to reconsider my future".

Elon Musk, the billionaire chief executive of Tesla, risked provoking fresh concern from investors on Friday after smoking marijuana on a live web show with United States comedian Joe Rogan.

The CEO of electric-car maker Tesla and rocket startup SpaceX spent more than two-and-a-half hours Thursday night talking to podcast host Joe Rogan about what it's like inside his head ("a never-ending explosion"), keeping a auto company in business ("very difficult") and trying to get governments to regulate artificial intelligence ("nobody listened").

Musk touched on the difficulties of having the kind of brain that has enabled him to build and run multiple high-tech companies at the same time.

Late Friday evening, Tesla announced an executive reshuffling, after a month or more of chaos within the company.

Morton joined the company one day before Musk tweeted that he was considering taking the company private with "funding secured".

More news: Apple iPhone XS Photos Leak, Showcasing Gold Color
More news: Cardiff 2-3 Arsenal: Five Things We Learned
More news: Field resignation reflects 'deep divisions' in Labour, Tom Watson says

Elon Musk should invent something that keeps his mouth shut.

Some investors were likely concerned with Musk's behavior during the Rogan podcast, which included some smoking and alcohol.

Later on Friday, Tesla named a new president of automotive operations, promoting eight-year Tesla employee and former Daimler truck exec Jerome Guillen into the role overseeing all automotive operations and reporting to Musk.

Mr Musk has said the company is producing more than 5,000 Model 3 electric cars per week, and that cash generated from the sales will bring sustained quarterly profits. They were sitting inside a studio in California, where medical and recreational marijuana use is indeed legal. We own two Tesla cars.

Elon Musk is trending on Twitter again, this time for smoking a blunt.

Additionally, the group's chief accounting officer Dave Morton submitted his resignation today after working there less than a month. But I don't think it's very good for productivity.

Musk in recent days also renewed a feud with a British cave diver, Vernon Unsworth, who was involved in the rescue of 12 boys trapped in an underwater cave in Thailand this summer, according to the BBC.

Tesla CEO Elon Musk has had an unusual 2018 as far as it goes for chief executives.