Tesla's Elon Musk Gets Blunted with Joe Rogan

Sunday, 09 Sep, 2018

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. In addition, Tesla's head of human resources told Bloomberg on Friday she also decided not to come back to the automaker after her leave of absence.

Tesla Inc shares fell almost nine percent on Friday as the resignation of its chief accounting officer after just a month at work spooked investors amid another social media storm around billionaire chief executive Elon Musk.

Elon Musk smokes a cigarette described as containing tobacco and marijuana during a chat on "The Joe Rogan Experience", a popular YouTube talk show.

Musk touched on the difficulties of having the kind of brain that has enabled him to build and run multiple high-tech companies at the same time. As noted, Musk once tweeted that he was considering selling shares of his company for $420.

"Tesla stock drops 9% because [Eelon Musk] smoked some pot on a podcast. good lord, when are people gonna drop the stigma", one person said.

Tesla's $1.8 billion junk bond maturing in August 2025 plunged as much as 4 cents on the dollar to below 82 cents, a record low, in Friday trading, pushing the yield above 8.8 percent.

Whatever the case, giving a person like Elon Musk weed to discuss the probability of a simulation will undoubtedly lead to an interesting conversation.

The hiring of the accounting chief, Dave Morton, had been announced days before Musk abruptly took to Twitter last month and declared that he was planning to take Tesla private and had "funding secured".

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The vehicle company has struggled to scale up production of its Model 3 sedan, which has been hit by a number of delays, intensifying the pressure on Musk.

The interview was taped in California, where marijuana is legal.

But in a filing with the Securities and Exchange Commission on Friday, Tesla said Morton had given notice of his resignation Tuesday and that it was effective immediately.

"I'm not a regular smoker of weed", Musk said on the podcast, which is streamed live.

In an interview with The New York Times, Musk denied the allegations. I appreciate his ingenuity and creativity and we like the Tesla products we own.

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.

Earlier this week Musk escalated his baseless attacks against British diver Vernon Unsworth, claiming that the man who helped rescue children from a cave in Thailand was a "child rapist" in an email to a reporter.