Tesla executives quit; CEO Elon Musk appears to smoke pot
10 September, 2018, 18:55 | Author: Lawrence Cooper
The CEO of Tesla and Space X smoked marijuana toward the end of a more than two-and-half-hour live interview Thursday on comedian Joe Rogan'spodcast, the Joe Rogan Experience. Tesla's chief accounting officer, Dave Morton, said he was leaving the company after considering the level of attention Tesla has received and the "pace within the company".
Tesla Inc. (TSLA) shares dropped down to their lowest point in almost six months today amid a lawsuit made by a short-seller who is suing the auto company over claims that they lied to investors about taking TSLA private.
Along with his electric vehicle company, Musk heads up space exploration firm Space X, tunnel construction firm The Boring Company, and Neuralink, which works on augmenting human brains with artificial intelligence. That saga ended with a Friday night announcement in late August, in which Musk said Tesla would remain a publicly traded company. Rogan passes the joint to Musk, who also takes a sip of whiskey.
Accounting officer Dave Morton's resignation was announced in an official filing with USA regulator the Securities and Exchange Commission. His firm, Gerber Kawasaki, owns about $10.5 million in Tesla stock.
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The turmoil at Tesla Inc.
Also today, Tesla human resources chief Gaby Toledano announced that she would not be returning to Tesla after taking a leave of absence last month.
Musk first called the diver Unsworth a "pedo" in a July tweet - an unfounded claim against a man who was part of the worldwide team that freed 12 young footballers and their coach from the Tham Luang cave complex. He was the latest in a long list of executive to have left the carmaker over the past two years as it strives to expand output, deal with production snags and generate profit. Musk then quickly passed the blunt back to Rogan and abstained for the rest of the session. "As a result, this caused me to reconsider my future", Morton said in the filing. Shares were trading at about $360 and the bonds yielding about 7% before Mr. Musk's August 7 statement on Twitter that he had secured funding to take the company private at a price of $420 a share.
Rogan found Musk's response dubious.
The two lawsuits were filed three days after Mr Musk announced on Twitter that planned to take Tesla private in a record $72bn (£56bn) transaction. The U.S. Securities and Exchange Commission is now investigating that assertion, and Musk quickly backtracked on the plan. They have fallen about 18 percent since Musk's tweet on taking the company private on August 7. He added that he still believed in Tesla, that "I have no disagreements with Tesla's leadership or its financial reporting".
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