Tesla stock sinks after senior execs leave, Elon Musk tokes up

Tesla stock sinks after senior execs leave, Elon Musk tokes up”

Rogan lit up a joint about two hours into the interview.

And yes, Musk took a puff of what's been described as a joint of tobacco mixed with marijauna, which is legal in California.

At 47, his ideas have already come to life in unbelievable ways: SpaceX, a private company that conquered commercial space travel and is developing crewed interplanetary spaceflight; Tesla Inc., maker of stylish electric cars; PayPal, a major online payment system; and many other projects.

In a premarket SEC filing, the company said its chief accounting officer, Dave Morton, was quitting, effective immediately.

Musk then said: "I'm not a regular smoker of weed".

Kevin Kassekert and Felicia Mayo will lead the human-resources department, following the departure of former HR chief Gaby Toledano, who had been on leave since August.

"I don't think you would necessarily want to be me - you wouldn't like it that much", Musk told Rogan during the live-streamed podcast.

Morton - who did not respond to a request for comment - joined Tesla last month from Seagate Technology where he served as a VP for two decades and CFO for nearly three years.

"Executive departures are the real issue", said Ross Gerber of investment firm Gerber Kawasaki in Santa Monica, which holds Tesla shares.

In the month since Musk's now infamous "going private " tweet, Tesla has lost almost one-third of its value, prompting even long-time bullish analysts to urge the board to consider major changes to its executive lineup and relieve the CEO of some of his "banal" day-to-day duties of running a public company.

Philippe Houchois, an analyst at Jefferies Groupwith a hold rating on Tesla shares, said that Musk "seems to be on a slightly self-destructive bent".

The blog posted to the company's website from CEO Elon Musk Friday announced that the company has appointed Jerome Guillen President of Automotive.

Musk was recently under fire after tweeting that he was planning to take the company private, provoking several lawsuits "alleging market manipulation" and a subpoena from the Securities and Exchange Commission.

Soon after, Musk changed his mind and said he decided the company would remain public.

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. Employees at both its Fremont, California, vehicle factory and Reno, Nevada, battery Gigafactory, have been living through what Musk has called "production hell", working to ramp up production of the company's critical Model 3 sedan.

Like this



08 September 2018
Houston Texans: Week 1 injury report 2018
If the Patriots are going to get back to the Super Bowl , they will need to protect their future Hall of Famer. The 41-year-old Brady said his approach to such media speculation is to just separate himself from it.

08 September 2018
Kim Jong-un Invites Moon for Summit in Mid-September
North Korean leader Kim Jong-un on Wednesday invited President Moon Jae-in for another summit in Pyongyang on September 18-20. Decorations being put up on Kim Il Sung Square to mark the 70th anniversary of North Korea's founding on Sunday.

08 September 2018
Sane withdraws from Germany squad after chat with Joachim Low
Sane's departure from the Germany group comes less than a week after team-mate Toni Kroos urged him to improve his body language. However, he made a brief substitute appearance in Thursday's Uefa Nations League goalless draw with France .

08 September 2018
Enrique gets tough on Spain
Players have been told to attend all team meals and not to bring smartphones when they are going to eat. Forgetting the heartbreak, Spain is now all set to start afresh.

08 September 2018
Seriously, wash your hands before you go through airport security
A study uncovered the airport destination with the most germs, and it's not the bathroom. Surprisingly, their swabs didn't detect respiratory viruses on the toilet surfaces.

08 September 2018
Sue Bird's big 4th quarter leads Storm past Mercury 94-84
The WNBA took center stage on Tuesday night as both conference finals went to a decisive Game 5 in a quest for the WNBA Finals. The Mercury have done that all series. "I hate when Sue gets hurt especially her nose".

08 September 2018
Trump mocks light sentence for George Papadopoulos
When Papadopoulos pleaded guilty past year , he pledged to help the special counsel's office with its investigation. He participated in four proffer sessions, they said, and "was willing to answer any questions posed".

08 September 2018
Leak claims cases for new iPhones found in Walmart
The 5.8-inch variant is set to be named as the iPhone XS and while the larger 6.5-inch variant named as the iPhone XS Max . According to some rumors we've seen , Apple's 2018 iPhone pricing matrix will align closely with what we saw past year .

08 September 2018
Tesla rocked by latest executive shakeup, Musk's behavior on webcast
Toward the end of the more than two-hour interview that was live-streamed on YouTube, Mr. Rogan pulled out a joint that he described as marijuana wrapped inside tobacco.

08 September 2018
Trump ups ante on China, threatens duties on almost all its imports
The administration should cease further tariffs actions and give another shot at talks for a trade deal with China, it said. The U.S. already imposes a 25 percent tariff on around $ 50 billion of Chinese goods, principally technology imports.