Published: Sat, September 08, 2018
Tech | By Anita Cain

More trouble for Tesla after executives resign

More trouble for Tesla after executives resign

Speaking of the what lies ahead, Musk said being forever constrained to Earth "would not be a good future". But early Friday morning the stock was down more than 7%. The conversation ran the gamut of topics from the difficulties of running Tesla and Musk's decision to make flamethrowers for The Boring Company to his ideas for state-regulated artificial intelligence.

But it was the puff of smoke that got the headlines. Later, at a little over two hours into the almost three-hour podcast taping, Rogan lights up.

"So is that a joint?"

The comedian offered the 47-year-old billionaire a marijuana and tobacco cigarette, which are legal in the state of California.

Efraim Levy, an independent stock analyst in New York City, said it's particularly worrying that executives in finance and human resources are bailing out, because "they are people who are often the most in-the-know".

"I mean, it's legal, right?" he asked.

Elsewhere, Musk wields a samurai sword, drinks whiskey, takes a few casual hits from a blunt, and still manages to answer questions with clarity. Musk also smoked some drugs, specifically marijuana, in what has been one of the longest and most public midlife crises that we've seen in quite some time.

"I'm getting text messages from friends saying, 'What the hell are you doing smoking weed?'" Musk added after smoking.

In recent months, the adjectives surrounding Musk have taken a sharp turn towards the less grand: erratic, mercurial, wonky, unpredictable, blowhard.

Tesla shares fell 6.3 per cent to US$263.24, the lowest close in five months.

Morton didn't explicitly mention last month's buyout saga in his statement explaining his departure.

"Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations", Morton said in the filing.

"I think I had one once", Mr. Musk said.

Overall, Morton appears to have parted ways with Tesla amicably, stating that he still believes in the company's overall mission, as well as its future prospects.

The circumstances surrounding the go-private, no-go-private episode have reportedly drawn heightened scrutiny from SEC investigators. It later said that Chief People Officer Gaby Toledano would not return from a leave of absence, just over a year after joining. As noted, Musk once tweeted that he was considering selling shares of his company for $420.

Tesla did not immediately respond to a request for comment.

Shockingly this was nearly a complete blindside to the board of directors at Tesla and just two weeks after that tweet Musk recanted and did his best to explain why he had claimed he had funding "secured". Musk follows by shrugging his shoulders at the experience, apparently unimpressed.

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