Tesla executives quit; CEO Elon Musk appears to smoke pot

09 September, 2018, 01:26 | Author: Mary Valdez
  • Tesla chief Elon Musk smokes marijuana on live web show

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 video podcast and the company’s accounting chief left after a month on the job.

"I've thought about this quite a lot", Musk said 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", Musk told Rogan 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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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 Officer Dave 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.

Musk already alarmed some Tesla investors by admitting in an emotional interview last month with The New York Times that he takes the prescription drug Ambien because he has difficulty sleeping.

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