Tesla stock falls as CEO appears to smoke marijuana on video

Share

Tesla shares, down just 1 per cent after Musk's appearance on the Rogan podcast overnight, fell another 7 per cent after Morton's resignation to $262.54.

Just six months ago, the gushing - largely accurate - descriptors often used for Elon Musk were nearly embarrassing in their grandeur: magnate, mogul, inventor, tycoon, engineer, genius, visionary, space pioneer, revolutionary. In the past, some have argued quite cogently that professional managers have done a piss poor job of running auto companies, so why should we expect anything different if an independent CEO were installed at Tesla?

Tesla is now worth roughly $US21 billion less than it was in the immediate aftermath of Musk's infamous "funding secured" tweet.

It was reported that US Air Force was looking into Elon Musk's marijuana smoking, his security clearance.

More recently, Musk wrote, Guillen took on responsibility for all vehicle engineering and worldwide sales and service.

"Is that a joint or is that a cigar?" asked Musk, as Rogan explained it was a mix of marijuana and tobacco.

Elon Musk smoked a joint with Joe Rogan during an episode of the JRE.

In the month since Musk's now infamous "going private " tweet, Tesla has lost almost one-third of its value, prompting even long-time bullish analysts to urge the board to consider major changes to its executive lineup and relieve the CEO of some of his "banal" day-to-day duties of running a public company.

More news: IPhone XS: 7 things the pros need

It wasn't the first time Musk's tweeting put him into some potential legal trouble: Vernon Unsworth, the British diver who assisted in the Thai cave rescue this summer, filed a lawsuit against the executive for calling him a "pedo" online.

Musk did not name a new accounting executive or specify who is taking on Toledano's duties.

Prominent short-seller Andrew Left has sued Tesla and Musk, saying in his proposed class-action complaint on Thursday that Musk's issuance of materially false and misleading information related to his abandoned plan harmed both short-sellers and those hoping the stock would rise.

"Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations".

And he offered viewers advice that, given recent events, he might benefit from more self-reflection: "Spend more time with your friends and less time on social media". Musk told Rogan that captaining Tesla is the hardest of all his endeavors - and his endeavors include space travel.

Neither Tesla nor Musk have commented on the Buzzfeed report.

In August, Musk told The New York Times he was exhausted from too much work and difficulty sleeping in an interview that sharpened questions about his mental stability.

Share