Tesla turmoil after Musk smokes pot during webcast, top exec resigns

Tesla turmoil after Musk smokes pot during webcast, top exec resigns

Tesla turmoil after Musk smokes pot during webcast, top exec resigns

Shares of electric auto maker Tesla Inc. tumbled about 7 percent as the markets opened Friday after the CEO appeared to smoke marijuana during an interview and the company's accounting chief left after a month on the job.

During the course of a wide-ranging chat with Rogan, Musk drank whiskey and tried a marijuana-and-tobacco cigarette proffered by the comedian.

Morton - who did not respond to a request for comment - joined Tesla last month from Seagate Technology where he served as a VP for two decades and CFO for nearly three years.

He told Rogan he thinks that merging humans with computers is the approach that "seems probably the best for us: if you can't beat it, join it".

Musk admitted - perhaps in a reference to his recent row after he branded British-born diver Vern Unsworth a "pedo" - that he had made mistakes on Twitter.

The impetus? Reportedly the unrelenting pace of work and the level of public scrutiny at the company.

Musk explained that he's "not a regular smoker of weed" because he "doesn't find it's very good for productivity".

Marijuana is legal in California, where the interview took place, but Musk's phone later started buzzing. His first day, August 6, was two days before CEO Elon Musk's now-infamous tweet about taking Tesla private that has ended in lawsuits and investigations by federal regulators.

Accounting chief David Morton reportedly resigned just a month after joining the company. The newspaper said two people familiar with the electric-car maker's board expressed concern about his workload and use of the prescription sleeping drug Ambien.

Shares of Tesla were down as much as 10 percent in early Friday trade, the biggest percent drop for the company since June 2016.

During the podcast interview, Musk, who is also the founder of the startup Boring Co., as well as Neuralink, said that running Tesla has been the hardest of his current projects.

"It's easy to demonise people, you're usually wrong about it, people are nicer than you think".

Related news

[an error occurred while processing the directive]