Elon Musk's Tesla tumbles as two execs announce exit

Sep 08, 2018, 00:14
Elon Musk's Tesla tumbles as two execs announce exit

"It's legal right?" Musk asked, before Rogan said it was "totally legal" and the entrepreneur took a drag of the cigarette. As of midday Friday, more than 1.5 million users had checked out his chat with Musk.

"You probably can't do this because of stockholders, right?" The show took place in California, where recreational marijuana consumption is legal.

Tesla's stock traded about 5% lower in premarket action on Friday, with news that Chief Accounting Officer Dave Morton had resigned, among the factors weighing on shares.

"This caused me to reconsider my future", Morton said.

In addition, Bloomberg News reported that Tesla's head of human resources, Gaby Toledano, would not be returning from a leave of absence. It said Morton had no disagreements with Tesla's leadership or financial reporting.

Elon Musk smoking a joint.

The company announced the departure in a regulatory filing.

The spot on one of the most popular podcasts in the USA marks Musk's first appearance in a public forum since he stunned the financial world last month with his short-lived effort to take Tesla private. He had been at the company for only one month.

They also discussed Musk's public persona and social media activity.

The podcast episode arrived at a tumultuous moment for Tesla and Musk.

The circumstances surrounding the go-private, no-go-private episode have reportedly drawn heightened scrutiny from SEC investigators. Toledano had been on leave since before the electric auto maker was rocked by messy take-private conversations and potential SEC probes, Bloomberg previously reported, and she will not return from leave. Or anyone." Musk also clarified why he chose to dig the tunnel in LA: "It's in LA because I mostly live in LA.

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.

Tesla did not immediately respond to a request for comment.

More seriously for Tesla, Musk startled investors for tweeting on August 7 that he planned to take the company private, only to suddenly reverse those plans weeks later.

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