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Tesla Stock Plunges After Senior Execs Leave, Musk Smokes Weed During Interview

Tags: tesla teslas musk

Today, we have learned that two executives have left Tesla. According to a filing with the Securities and Exchange Commission, Tesla's newly hired chief accounting officer Dave Morton decided to resign because "the level of public attention placed on the company as well as the pace within the company have exceeded [his] expectations." He added: "I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla's leadership or financial reporting." Tesla's human resources chief Gaby Toledano also announced that should would be leaving the company after taking a leave of absence last month. CEO Elon Musk wrote that Toledo "has been on leave for a few months to spend more time with her family and has decided to continue doing so for personal reasons. She's been amazing and I'm very grateful for everything she's done for Tesla." These departures certainly have had an impact on Tesla's stock, which is down more than six percent to $262, but an interview Elon Musk conducted with Joe Rogan may have caused the most damage. While discussing a wide range of topics including his tweeting behavior, his Boring Company's flamethrowers, and "neuralink" devices, the Tesla CEO openly smoked a mixed tobacco and marijuana cigarette, sending the internet into a frenzy. Ars Technica reports: Morton joined Tesla on August 6, one day before Musk's infamous tweet claiming that he had "funding secured" to take Tesla private. Musk was forced to abandon the plan a couple of weeks later. Not only did Musk not have any kind of written funding deal, many Tesla investors saw little upside in approving a deal that would reduce Tesla's transparency and the liquidity of Tesla stock. Morton didn't explicitly mention last month's buyout saga in his statement explaining his departure. But a lot of the "public attention" Tesla received during Morton's brief tenure was focused on the possibility of Tesla going private. It's safe to assume that members of Tesla's finance team were working overtime on issues related to the proposal during Morton's month at Tesla. It's worth noting that marijuana is legal in California (and several other states) if you are 21 or older, but the federal government still strictly prohibits the Schedule 1 substance. UPDATE: You can watch/listen to the nearly three-hour-long interview here. Rogan manages to pick Musk's brain in great detail and in a refreshingly laid-back manner. We highly recommend a listen if you want to learn more about Musk's ambitions and thought process.

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This post first appeared on Werbung Austria - Slashdot, please read the originial post: here

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Tesla Stock Plunges After Senior Execs Leave, Musk Smokes Weed During Interview

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