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ibusinesslines.com November 15, 2018


Tesla stock falls as CEO appears to smoke marijuana on video

08 September 2018, 06:31 | Jodi Jackson

Tesla stock falls as CEO appears to smoke marijuana on video

Elon Musk smokes pot

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

"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.

Tesla's board of directors is on the lookout for senior talent but is not actively searching for a chief operating officer, a person familiar with the board's thinking told Bloomberg News in August.

Morton took over the role in August 2018 after the former chief accountant, Eric Branderiz, left the post after almost two years.His resignation comes in the wake of departures by other Tesla executives including chief engineer Doug Field and top sales executive Ganesh Srivats who both resigned in July.

Hours before the posting, Musk sat for a 2 1/2-hour interview with comedian Joe Rogan, during which the two mused about work and life while smoking a marijuana joint on camera.

"Totally legal", Rogan responded, handing Musk the joint.

But to Rogan's surprise, Musk reached over and took hit, saying that the drug was legal in California. 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. "It just wasn't the way I operate", he said.

However, Musk admitted that "the electric airplane isn't necessary right now", as he is focusing on other things, including the many issues he's dealing with at Tesla right now.


And indeed this may not strike many as all that daring or risque, but remember that Mr. Musk is the CEO of a multi-billion dollar publicly traded company.

Elon Musk has never been a conventional CEO, but his behavior has seemed increasingly erratic in recent weeks.

Morton didn't explicitly mention last month's buyout saga in his statement explaining his departure. In the interview, which was filmed, Mr. Musk spoke for more than 2½ hours on topics ranging from the dangers of artificial intelligence to his use of Twitter. The stock fell another 8 per cent on Friday morning, revisiting levels seen in the panic of late March.

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

Dave Morton, who joined the electric-car maker August 6, tendered his resignation on September 4, according to a regulatory filing on Friday.

Shares of Tesla slumped 8.3 percent in pre-market trading to $257.80.

Speaking of the what lies ahead, Musk said being forever constrained to Earth "would not be a good future". Morton's term of service happened to be a particularly unfortunate month, beginning just the day before Musk announced the stock privatization plan that fizzled out.



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