Tesla's Musk smokes marijuana on comedy podcast

10 September, 2018, 17:00 | Author: Corey Lynch
  • Musk's Boring Company which he describes as a

During the podcast interview, Rogan asks Musk about his 1961 Jaguar E-Type, the Boring company and.shares a smoke with Musk.

Shares of Tesla Motors tumbled Friday as investors were rattled by the departures of two executives and a late-night interview in which chief executive Elon Musk was seen smoking marijuana.

Musk has said the company is producing more than 5,000 Model 3 electric cars per week, and cash generated from the sales will bring sustained quarterly profits.

In a subsequent email in response to a question about whether Tesla drug tests employees, Musk wrote: "Our policy allows trace amounts of THC during work times, provided they are below the safety limit (much like a minimum alcohol level)".

Separately, Musk touted the company's overall progress on Friday.

On Friday, Tesla shares dropped to almost $252 - their biggest single-day drop in two years after Musk was seen smoking weed on the show.

Musk also warned that there would be "a lot of fuss and noise in the media" in the near term, seemingly an acknowledgement of the fallout from a 2 1/2-hour on-camera interview he participated in just hours earlier with comedy host Joe Rogan.

Accounting officer Dave Morton's resignation was announced in an official filing with U.S. regulator the Securities and Exchange Commission. At 10:29 a.m. EDT, the stock was down 6.4%.

After Musk announced August 7 that he meant to take Tesla private at $420 a share, there was speculation that the billionaire was referring to marijuana when he tweeted because "420" is a coded reference for marijuana.




Shortly after Morton's resignation became public, Gaby Toledano, Tesla's Chief People Officer said she would not be returning after taking a 15-month leave of absence on August 15.

It wouldn't be the first time that investors were rattled by Musk's unconventional ways, sending stocks haywire. "This caused me to reconsider my future".

Mr Musk later backed off from his privatisation plan, saying Tesla was better off as a public company.

Tesla has long faced frequent executive turnover as the company faces intense pressure to succeed.

Mr Morton said he still believes strongly in Tesla's "mission and future prospects" and has "no disagreements with Tesla's leadership or its financial reporting".

The hiring of the accounting chief, Dave Morton, had been announced days before Musk abruptly took to Twitter last month and declared that he was planning to take Tesla private and had "funding secured".

The circumstances surrounding the go-private, no-go-private episode have reportedly drawn heightened scrutiny from SEC investigators.

Tesla's board of directors is on the lookout for senior talent but is not actively searching for a chief operating officer, a person familiar with the board's thinking told Bloomberg News in August.

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