Tesla executives quit; CEO Elon Musk appears to smoke pot
09 September, 2018, 01:26 | Author: Mary Valdez
Shares of electric auto maker Tesla Inc. tumbled over 9 percent as the markets opened Friday, Sept. 7, after the CEO smoked marijuana during a YouTube videopodcast and the company‚Äôs accounting chief left after a month on the job.
"I've thought about this quite a lot", Musksaid of his electric aircraft idea. "We're about to have to most incredible quarter in our history, building and delivering more than twice as many cars as we did last quarter", Musk wrote.
But it was the puff of smoke that got the headlines. Around the two-hour and 10-minute mark, Rogan pulls out a blunt, a mixture of marijuana and tobacco inside of a cigar wrapper, to show off a decorative holder.
Rogan asked Musk about The Boring Company, which Musk said started as a " joke", mostly borne out of his desperation to fix L.A.'s notoriously bad traffic problem.
"Assuming that the South African-born businessman would not accept, the podcast host asked: "'You probably can't do this because of stockholders, right?" "I mean, it's legal right?" "I'm a business magnet", MusktoldRogan early on.
"You getting text messages from chicks?"
"I'm not a regular smoker of weed", Musk said on the podcast, which is streamed live. He added that he "almost never" smoked marijuana. I don't find that it's very good for productivity.
The aura of weed has surrounded Musk before. He then backed off from his plan saying Tesla was better off as a public company. That beating continued today, in part because of the optics of Musk's late-night, on-camera marijuana use.
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Holmes founded the company in 2003 when she was only 19 and since had frequently been referred to as the "next Steve Jobs". After this process, the company - which holds about $5 million (£3.9 million) in remaining cash - intends to dissolve .
Tesla chief executive Elon Musk at a news conference on February 6.
The company, hurt in the past month by Musk's high-profile U-turn on a deal to take it private, said Chief Accounting OfficerDave Morton had resigned, citing discomfort with the level of public attention and pace of work.
"This caused me to reconsider my future", Morton said.
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. 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.
Toledano told Bloomberg she would not return to the firm after a leave of absence, following a similar decision made over the summer by Tesla's head of vehicle programs, Doug Field.
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.
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I don't think it will be a dramatic increase but the point is, the next move in interest rates are likely to be higher. According to Stats SA , South Africa's gross domestic product (GDP) fell by 0.7% in the second quarter of 2018.
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The couple eattended the Well Child Awards earlier this week to celebrate the bravery and courage of seriously ill children. Add Royal Family as an interest to stay up to date on the latest Royal Family news, video , and analysis from ABC News.
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