Published: Mon, September 10, 2018
Money | By Bruce West

Elon Musk Smokes Weed, Drops Science, Triggers Drop in Tesla Stock Price

Elon Musk Smokes Weed, Drops Science, Triggers Drop in Tesla Stock Price

Rogan's podcast is known for being choppy and focused on a wide array of topics, but Musk's appearance was particularly wild, as the two went from discussing ancient weaponry to talking about the CEO's new electric plane design.

In a Friday morning SEC filing, Tesla revealed that Chief Accounting Officer Dave Morton is resigning less than a month after taking the job, citing the company's fast pace and "the level of public attention" on the company.

In an email to employees, CEO Elon Musk said Toledano was on leave to "spend more time with her family and has chose to continue doing so for personal reasons". Recreational marijuana is legal in California.

(TSLA) are losing more 9 percent in Friday's regular trading session after the luxury electric vehicle maker's Chief Accounting Officer Dave Morton resigned on September 4, after just a month in the job.

"I'm getting text messages from friends saying, 'What the hell are you doing smoking weed?'" Musk added after smoking.

Some observers have said Tesla could be helped with a strong number-two executive, but Friday's departures create additional gaps in Tesla's ranks.

Concerned investors drove Tesla's stock price down 5 percent to $265.22 as of 12:12 p.m. on Friday.

Mr Isaacs said he had bought 3,000 Tesla shares on 8 August to cover his short position.

The latest round of executive departures comes after Elon Musk opted to walk away from his initiative to take the company private last month. Earlier this week, Tesla and Musk got a jolt of good news in the form of positive sales numbers reported by InsideEVs.com for August.

His brother Kimbal Musk told the newspaper that the reason Mr Musk "seems to attract drama" is because he is "so transparent, so open, in a way that can come back to bite him". They say his questionable public persona culminated in his dubious claim on Twitter last month that he had "funding secured" to take Tesla private. "As a result, this caused me to reconsider my future". Morton, who joined Tesla on August 6, was quoted in a company filing on Friday saying he believes "strongly" in Tesla and that he had no disagreements with the company's leadership or its financial reporting.

"Many people ask if Elon is still the best CEO for Tesla". According to CNBC, Morton felt Musk and the other executives didn't care to listen to the financial obstacles involved with taking Musk's tweet seriously. The San Francisco office of the Securities and Exchange Commission is investigating not only Musk's unusual tweet about having "funding secured" to take the auto company private, but broader issues surrounding company disclosures about production goals with its latest offering, the Model 3.

"It's time for Tesla and Elon Musk to grow up", Michelle Krebs, executive analyst at Autotrader, said Friday.

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