Saturday, 20 October, 2018

Tesla Turmoil Peaks As Elon Musk Smokes Weed On YouTube, Executives Quit

Elon Musk Smoking Weed With Joe Rogan is the GIF of the Century Elon Musk smokes marijuana with Joe Rogan during live interview
Lori Graves | 07 September, 2018, 22:59

Shares fell over 10% in early United States trade. Rogan asked, noting that Musk probably had not "because of stockholders".

The interview took place in California, where both medical and recreational use is allowed, but it is still illegal on the federal level.

Bloomberg also reported Tesla's Chief People Officer Gaby Toledano would not return from a holiday just over a year after joining.

"I mean it's legal, right?", Musk responded, as he accepted the joint and took a puff. It said Morton had no disagreements with Tesla's leadership or financial reporting.

The appearance was the latest unorthodox move by Musk, who has often surprised investors with brash and unpredictable behavior as Tesla has sought to live up to lofty manufacturing targets for its Model 3 electric vehicle. "As a result, this caused me to reconsider my future", Morton was quoted as saying in a company filing.

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Morton didn't explicitly mention last month's buyout saga in his statement explaining his departure. The joint was provided by Mr Rogan, who said it was legal.

Musk's current endeavors include electric carmaker Tesla; private space exploration enterprise SpaceX; tunnel-drilling Boring Company, and a Neuralink operation working on augmenting human brains with artificial intelligence.

Some people speculated that he was high when tweeted he was considering taking Tesla private, because he proposed $420 a share, and April 20 or 4/20 is a reference to weed. "Maybe he is the best Chief Marketing Officer and Tesla needs a strong new CEO", analyst Frank Schwope at NORD/LB said.

Along the way, Musk drew a subpoena from the Securities and Exchange Commission, which already had been scrutinizing the public pronouncements he's made regarding manufacturing goals and sales targets.

Even before Musk's surprise August 7 tweet that he had funding "secured" for a go-private deal, Tesla had been under scrutiny from investors, analysts and short-sellers as it works to hit production targets and slow its cash burn. But in the interview with Rogan, which was streamed on YouTube, he appeared at ease. Musk also had some whiskey during the interview. Later Musk says he doesn't notice any effect from the joint, which he claims he rarely smokes.

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