Elon Musk Smokes Weed, Drops Science, Triggers Drop in Tesla Stock Price

Credit You Tube  PowerfulJRE

The company's chief accounting officer Dave Morton resigned from the luxury auto maker on Tuesday, according to a regulatory filing from the company.

After the broadcast, head of human resources Gabrielle Toldeano told Bloomberg that she would not be returning from a leave of absence, causing the share price to drop further.

Shares for Tesla Inc. fell more than 6 percent Friday as the Thursday night podcast clip went viral, according to The Associated Press.

Morton and Toledano's departures come after the US Securities and Exchange Commission opened an inquiry into Musk's aborted privatisation plan and they join other senior executives who have left Tesla, reported Reuters.

Meanwhile, the company announced in a regulatory filing the departure of Morton, who is quoted by Tesla as stepping down due to the level of public scrutiny and the pace at the company but not over any disagreements with Tesla's leadership or its financial reporting.

The CEO of electric-car maker Tesla and rocket startup SpaceX spent more than two-and-a-half hours Thursday night talking to podcast host Joe Rogan about what it's like inside his head ("a never-ending explosion"), keeping a vehicle company in business ("very difficult") and trying to get governments to regulate artificial intelligence ("nobody listened"). "I'm getting text messages from friends saying, 'What the hell are you doing smoking weed?'" he said.

Later he says he does not notice any effect from the joint and claims he rarely smokes.

The 47-year-old billionaire later said he wasn't a "regular smoker" of marijuana because he doesn't find it "very good for productivity".




Along with his electric auto 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. "Maybe he is the best Chief Marketing Officer and Tesla needs a strong new CEO", analyst Frank Schwope at NORD/LB said. Rogan asked, noting that Musk probably had not smoked one "because of stockholders".

"Electric cars are important, solar energy is important, stationary storage of energy is important", he said.

Tesla will stay public, Musk said on August 24, ending more than two weeks of speculation and calculation about how much a go-private deal would cost and who could be involved in it.

After the podcast aired Tesla shares dropped 9 per cent, wiping $3.1 billion off the company's value (at the time of writing.) Although, that may have more to do with Musk's robotic behaviour than smoking weed.

Rogan found Musk's response dubious.

The online incident follows turmoil at Tesla Inc. this week as the news that two senior executives have made a decision to leave the electric-car making company.

Musk said nothing but puffed.

At least 48 executives have left the company this year.

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