Tesla stock plunges after Elon Musk ‘smokes marijuana’ during web interview


Musk sipped whiskey and smoked marijuana during a more than two-and-a-half-hour podcast with comedian Joe Rogan late on Thursday that touched on everything from flame throwers and artificial intelligence to the end of the universe.

On Friday the company announced that Chief Accounting Officer Dave Morton resigned after a month on the job, citing public attention and the fast pace of the post.

A month later, Musk was the centre of attention again when he tweeted that he had secured enough funding to take his electric-car company Tesla private for $420 per share.

4, according to a company filing released on Friday. Musk asked Rogan to which he responded, "Totally legal".

One of Wall Street's prominent short sellers, Andrew Left, has filed a class-action lawsuit, accusing electric auto maker Tesla and its CEO Elon Musk of trying to "burn" investors with "objectively false tweets".

This time, the Tesla billionaire puffed on a marijuana joint during the recording of the Joe Rogan Experience podcast.

Following Musk's interview with Rogan, as well as the recent resignation of a chief accounting officer, Tesla stock dropped 9 percent.

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Shares of Tesla fell 1.3% in trading before the bell. The Securities and Exchange Commission reportedly served Tesla with a subpoena on August 15 about Musk's intentions.

The company announced the departure in a regulatory filing. "I don't actually notice any effect ..."

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

Musk has said the company is producing more than 5,000 Model 3 electric cars per week, and cash generated from the sales will bring sustained quarterly profits. "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".

The Model 3 starts at $35,000 (€30k), although the cheapest one that can be purchased at present costs $49,000 (€42.5k).

Viecha also restated Tesla's forecast that it will build 50,000 to 55,000 of its Model 3 sedans in the current quarter, and indicated the company's working capital will improve as production increases, Spak wrote.

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.