Elon smokes a joint as stocks slide

10 September, 2018, 14:29 | Author: Brooke Harris
  • A man walks near a logo of Tesla outside its China headquarters in Beijing

Tesla's chief accounting officer, Dave Morton, said he was leaving after considering the level of attention Tesla has received and the "pace within the company".

The interview lasted over two hours and saw the billionaire CEO sip whiskey and talk about everything from AI overlords to emotional lamentations of fossil fuels. "This caused me to reconsider my future".

Moody's Investor Service downgraded the company's debt to "junk" status earlier this year. Morton, who joined Tesla on August 6, was quoted in a company filing on Friday saying he believes "strongly" in Tesla and that he had no disagreements with the company's leadership or its financial reporting. Skip to the 2:10:00 mark if you want to watch Musk smoke up.

Elon Musk smoked what appeared to be his first blunt during a live internet broadcast Thursday night, but couldn't quite figure out how to inhale the legal cannabis fumes.

The fallout comes as the firm is under renewed scrutiny due to the erratic behaviour of Mr Musk. The controversy is over Elon Musk taking a hit off an apparent marijuana-tobacco joint during a podcast interview that made its rounds on YouTube.

On Tuesday, Chief Accounting Officer Dave Morton announced his resignation less than a month after taking the job; he started the day before Musk's privatization tweet.

Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo, September 8, 2014.

Musk admitted that an electric plane is not a priority at this time however.

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While Morton reiterated that Tesla's books are in order, any sort of C-level departure is a negative. "I think I tried one once", said the CEO with a nervous laugh.

He may have been referring to the ongoing spat with Unsworth, which may culminate in a lawsuit or even the Federal Securities and Exchange Commission investigation he triggered when he suggested on Twitter that Tesla might go private.

Ever since the bid to go private was abandoned, some investors have remained on edge as Musk continues to draw attention, often through impulsive outbursts on Twitter.

Rogan asks if he wants some, but adds that Musk probably can't because of stockholders, nearly daring him.

"Come on man", Mr. Rogan laughed. What I'm saying is that when Musk is bad the tweets are good, and here are the best ones from today's well-deserved social media dogpile.

Has Elon Musk taken Tesla as far as he can?

Morton and Toledano's departures - and Musk's performance on the podcast - also alarmed James Albertine, who rates Tesla a hold with a US$300 target.

Especially weird moments involving the Tesla chief of late include disparaging remarks about Vernon Unsworth, a Briton who helped save boys trapped in a Thai cave and the abrupt shutdown of Wall Street analyst's questions during a contentious earnings conference call.



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