Tesla (TSLA) plunges 6% amid new executive departures, Musk’s behavior during podcast

Joint enterprise Elon Musk shares marijuana with Joe Rogan as pair talk AI & flamethrowers

Joint enterprise Elon Musk shares marijuana with Joe Rogan as pair talk AI & flamethrowers

Rogan pulled out a joint in the middle of the interview, leading Musk to wonder if it was a tobacco cigar or cannabis.

Later on Friday, Tesla named a new president of automotive operations, promoting eight-year Tesla employee and former Daimler truck exec Jerome Guillen into the role overseeing all automotive operations and reporting to Musk.

Tesla stock prices dipped more than 9.8%, near $253.75 during Friday (September 7) morning trading. Chief accounting officer Dave Morton announced in a filing Friday that he had left the company this past Tuesday after only a month on the job. Last month, Tesla's founder tweeted about plans to take the company private.

Late on Thursday, Musk was filmed smoking marijuana and drinking whiskey in a 2-1/2-hour live Web show with comedian Joe Rogan that swiftly spread across Instagram and other social media.

During their conversation, Mr Musk talked about his health and his management of Tesla - which he said was the most challenging of his various businesses and projects.

Tesla shares were down almost 9 percent premarket.

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"After two weeks or so at the company, Morton concluded he wasn't being heard or understood", according to the CNBC story, which quoted an anonymous source close to Morton. Musk eventually abandoned his plan to go private on August 25 after CNBC reported Morgan Stanley was planning to be retained to seek financing for a transaction, suggesting funding for a deal hadn't been secured.

Shortly after smoking, Musk looks at his phone and laughs, telling Rogan he was getting texts from friends asking why he was smoking weed during the interview.

"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". "I don't actually notice any effect". "This caused me to reconsider my future".

"I want to be clear that I believe strongly in Tesla, its mission and its future prospects, and I have no disagreements with Tesla's leadership or its financial reporting", Morton wrote in his statement today. The Model 3 starts at $35,000, although the cheapest one that can be purchased at present costs $49,000.

Tesla said cash from Model 3 sales will pay the bills and drive profits.

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