Tesla Stock Is Tanking After Elon Musk Lost a Top Executive


Tesla Stock Is Tanking After Elon Musk Lost a Top Executive

"This caused me to reconsider my future".

Overall, Morton appears to have parted ways with Tesla amicably, stating that he still believes in the company's overall mission, as well as its future prospects.

Bloomberg also reported Tesla's chief people officer Gaby Toledano would not return from a holiday just over a year after joining.

Shares of electric vehicle maker Tesla Inc. tumbled over 9 percent as the markets opened Friday, Sept. 7, after the CEO smoked marijuana during a YouTube video podcast and the company’s accounting chief left after a month on the job.

Elon Musk, CEO of Tesla was seen smoking a "blunt", a cigar filled with marijuana, on the Joe Rogan podcast yesterday.

Soon after, Musk changed his mind and said he decided the company would remain public.

Musk's behaviour has created concern among Tesla shareholders who have questioned his leadership ability following a series of controversies in recent months.

"I think you have a responsibility as a CEO to be a role model to young kids and kids in college and young executives, to your employees", Sun Microsystems co-founder Scott McNealy said on Friday during an interview on FOX Business' "Cavuto: Coast to Coast".

In July he shocked investors by announcing on Twitter that he had funding secured to take his auto firm Tesla private. Midday, Tesla shares were trading 6.4 percent lower at $262.90.

I have never been as obsessed with Elon Musk as many are in the tech sector. Rogan told Musk it was a mix of tobacco and marijuana.

Morton, a former chief financial officer for computer-drive maker Seagate Technology Plc, joined Tesla one day before Musk tweeted that he was considering buying out some investors at $420 a share and taking the company private. Marijuana is legal in California, where the interview took place.

The drop followed not only Mr. Musk's interview, but also Chief Accounting Officer Dave Morton's resignation that was announced this week. Rogan said, as he lit what appeared to be a joint on camera. What I'm saying is that when Musk is bad the tweets are good, and here are the best ones from today's well-deserved social media dogpile.

Musk offered a frank and vulnerable look into his life for The New York Times in August, describing his long hours, isolation and how he took Ambien for sleep. We own two Tesla cars. In an email to Buzzfeed earlier this week, Musk repeated his totally unsubstantiated accusations of pedophilia against British cave diver Vernon Unsworth (Unsworth's lawyer calls Musk's comments "vile and false" and vowed to sue Musk for libel). As for recreational drugs, he has used them "on occasion", sources said.



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