Tesla stock falls as CEO appears to smoke marijuana on video

Share

Tesla stock prices dipped more than 9.8%, near $253.75 during Friday (September 7) morning trading.

This time, the Tesla billionaire puffed on a marijuana joint during the recording of the Joe Rogan Experience podcast. The joint was provided by Mr Rogan, who said it was legal. For a Factbox on executive departures, see: Even before Musk's surprise August 7 Twitter disclosure that he had funding "secured" for a go-private deal, Tesla had been under scrutiny from investors, analysts and short-sellers as it works to hit production targets and slow its cash burn. Chief accounting officer Dave Morton announced in a filing Friday that he had left the company this past Tuesday after only a month on the job. Morton, who left his role as Seagate (STX)'s CFO to join Tesla, was not flustered by the tweet and met with Musk to go over various details that would make a take-private hard.

About two hours into the podcast, which can be seen on YouTube, Musk inhales from what the host says is a combined marijuana-tobacco joint, which Rogan notes is legal.

FILE- In this June 24, 2018, file photo Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference in Chicago.

That move, described in a company blog with several other promotions as a result of board and management discussions, gives Musk a seasoned auto industry veteran to lean on at a time when some investors have called for a new chief operating officer.

Feds Charge North Korean Cyber-Operative In Sony Hack, Ransomware Attack
The complaint also alleges that Park was in China in 2014, but returned to North Korea shortly before the Sony attack. The U.S. believes he was working for a North Korean-sponsored hacking organization.

The announcement sent Tesla stock surging by more than 10 percent.

Shortly after smoking in the video, Mr Musk looks at his phone and laughs, telling Rogan he is getting texts from friends asking why he is smoking weed during the interview. "I don't actually notice any effect ..."

The company announced the departure in a regulatory filing. "This caused me to reconsider my future".

"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 its financial reporting", he said. The Model 3 starts at $35,000, although the cheapest one that can be purchased at present costs $49,000.

As they had before and during Morton's transition to CAO, Tesla's CFO and corporate controller will oversee the firm's accounting functions and personnel. The report, which was published by electric car-themed news site InsideEVs, estimated that the Tesla Model 3, Model S, and Model X, were the Top 3 electric cars in the U.S. in August.

Share