Tesla stock drops after Musk smokes joint on live web show.
The billionaire CEO Elon Musk Friday lit up a cigarette described as containing tobacco and marijuana during a chat on “The Joe Rogan Experience,” a popular YouTube talk show.
The two-and-half-hour chat on the streamed podcast late on Thursday touched upon a wide range of topics, including the Boring Company, artificial intelligence, Musk’s plan to use SpaceX’s yet-to-be-built BFR rocket for suborbital travel, and his idea for an electric-powered supersonic airplane that takes off vertically.
Just hours after the interview, two of Tesla key executives quit and the electric car maker’s share prices fell as much as 10 percent to reach a five-month low on Friday morning. The company’s head of accounting, Dave Morton, and head of human resources, Gaby Toledano, said they were leaving the company.
Morton joined the company just one month ago, one day before Musk tweeted that he was considering taking the company private with “funding secured”. Dave Morton said he was leaving because the level of public attention placed on the company, as well as the pace within the company”, have exceeded his expectations. That caused him to “reconsider” his future. He noted he believed strongly in Tesla, its mission and its future prospects, and had no disagreements with Tesla’s leadership or its financial reporting. Toledano has been on leave of absence from the company, told she would not be returning to the firm.
Musk stunned investors last month with tweets saying he had funding to take the company private for $420 a share. 17 days later, he backed off from his plan saying Tesla was better off as a public company.
According to TheGuardian.