Tesla shares reel as executives quit and CEO smokes pot on webcast

Elon Musk smokes a blunt live on You Tube with podcaster Joe Rogan

Tesla CEO and certified loose cannon Elon Musk has frightened nervous investors yet again, after appearing on a live stream of comedian Joe Rogan's podcast and smoking a big fat joint.

But that's not it.

On Friday, Tesla's chief accounting officer unexpectedly resigned after a month on the job - leaving a hole in the embattled company's management. His past jokes about tweeting after taking Ambien and drinking wine didn't seem so amusing anymore, and he defended his use of the prescription sleep aid in a New York Times interview. Rogan then lit a blunt an passed it to Musk, who took a hit.

The Internet's abuzz with chatter following the surfacing of a video taken of Musk during a recording of Rogan's podcast The Joe Rogan Experience, in which the controversial tech bro shares a blunt, sips whiskey, and discusses everything from the Singularity to magnetic repellants on auto bumpers. "I'm a business magnet", Musk told Rogan early on.

Morton stated that "the level of public attention placed on the company" and "the pace within the company" caused him to reconsider his future.

In July he shocked investors by announcing on Twitter that he had funding secured to take his vehicle firm Tesla private.

In the same breath, Musk said that such a concept "isn't necessary right now" - that he's focused on electric cars, solar power, and energy storage (batteries). "Just ignore them", Musk, 47, said in an email to employees that was republished as a blog post.

Mr Musk has said the company is producing more than 5,000 Model 3 electric cars per week, and that cash generated from the sales will bring sustained quarterly profits.

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.

For former Tesla production employee Crystal Guardado, the image of Musk enveloped in a cloud of smoke was particularly jarring, because she says the company fired her in past year for testing positive for THC, the active ingredient in marijuana.

"The use of recreational drugs, legal or not, goes against the unspoken rules of being a public CEO", Gene Munster, a managing partner at venture capital firm Loup Ventures and a longtime Tesla supporter, wrote Friday.

Nonetheless, Tesla shareholders were not amused to see yet another impulsive act from the CEO, and shares dropped by 9% before closing down 6%.

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. He took leave from the company in 2015 but rejoined to work on the Semi truck revealed in November of a year ago. I believe it is fine if it is done responsibly and appropriately and I am pleased that it is becoming legal in many states around the country.

"We're taking vast amounts of carbon from deep underground and putting this in the atmosphere - this is insane", Musk said, a reference to the consumption of fossil fuels around the world.

Especially weird moments involving the Tesla chief of late include disparaging remarks about Vernon Unsworth, a Briton who helped save boys trapped in a Thai cave and the abrupt shutdown of Wall Street analyst's questions during a contentious earnings conference call.

Related news:

Hot News

isis-killer-beheading-video-story-top Apple can avoid tariffs by shifting production to U.S
Sep 08, 2018 - 22:44
The US has imposed $50 billion worth of tariffs on Chinese goods with another $200 billion in the final stages. Zhang said the impact from U.S. tariffs on China's exports would likely be limited over the next few months.

isis-killer-beheading-video-story-top Harry Kane: Ramos' tackle on Salah not 'out of the ordinary'
Sep 08, 2018 - 22:12
Ramos recently caught headlines after a certain interaction during the Champions League draw. Ramos remains captain of his country despite a dismal World Cup for the 2010 winners.

isis-killer-beheading-video-story-top TROPICS: Florence to become a hurricane today; TD 9 strengthening
Sep 08, 2018 - 19:41
This, unfortunately will mean that Florence has a much higher chance of affecting the US east coast by later in the week. Hurricane tracking models remains split in the longer term but they will likely begin tightening up in the coming days.

isis-killer-beheading-video-story-top Three dead, five wounded in Cincinnati shooting; suspect also dead
Sep 07, 2018 - 21:53
The evidence includes footage from body police cameras and security cameras from around Fountain Square and Fifth Third Center. Four people are dead, including the suspect, in a shooting at Fifth Third Bank in downtown Cincinnati Thursday morning.

isis-killer-beheading-video-story-top Schauffele grabs two-shot lead at BMW Championship
Sep 07, 2018 - 21:23
Tiger was bogey-free through nine, sinking four birdies and eagling the par-5 16th, his seventh hole of the day. Justin Thomas is tied for fourth, 2 shots back, along with Billy Horschel , Peter Uihlein and Alex Noren .

isis-killer-beheading-video-story-top British Airways website compromised, customer data stolen
Sep 07, 2018 - 20:06
We take the protection of our customers' data seriously and are very sorry for the concern that this criminal activity has caused. Mat Thomas said he placed a booking on 27 August, but had not been contacted over the breach.

isis-killer-beheading-video-story-top Musk Smokes Weed, Drinks Whiskey on California Comedian's Show
Sep 07, 2018 - 18:44
He then backed off from his plan saying Tesla was better off as a public company. Marijuana is legal in California , where the interview took place.

isis-killer-beheading-video-story-top Missouri College 'Chooses Country Over Company,' Drops Nike Over Kaepernick Ad
Sep 07, 2018 - 17:57
Kaepernick's grievance against the league and team owners accuses owners of colluding to keep him off any roster. But many others chimed in with messages of support for Kaepernick.

isis-killer-beheading-video-story-top PM May says Britain will not compromise over Brexit plan - global
Sep 06, 2018 - 05:59
The EU meanwhile aims to grant Britain a transition period until the end of 2020 allowing businesses and others time to adjust to a post-Brexit future.

isis-killer-beheading-video-story-top Kavanaugh protesters being paid to cause trouble
Sep 06, 2018 - 04:26
But Kavanaugh's nomination languished for three years, as Democrats fumed over his participation in Bush's recount team. So you have got a view of the Second Amendment that's really far outside of the mainstream in Judge Kavanaugh.

isis-killer-beheading-video-story-top Chrome 69 Brings Material Theme Design for Android, iOS, and Desktop Users
Sep 06, 2018 - 02:01
Chrome 69 also allows for more personalisation, enabling shortcut creation and management from the new tab page. The Omnibar, Google's term for the address bar turned search bar, is learning some new tricks too.

isis-killer-beheading-video-story-top Apple Not Adding In-Display Fingerprint Sensor To iPhones Anytime Soon
Sep 06, 2018 - 00:58
The publication insisted the image shown was not a mockup, hinting instead it had obtained official marketing material from Apple. Apple Watch Series 4 is widely-presumed to be announced at the American tech giant's upcoming hardware event on September 12.

isis-killer-beheading-video-story-top Donald Trump Rips The NFL & Nike After Kaepernick Endorsement (TWEET)
Sep 05, 2018 - 23:37
A roadie and "ex-Marine" chopped the Nike swoosh off his socks and posted a picture that went. you guessed it, viral. Kaepernick has walked away from football and it doesn't appear he's any closer to signing with a team again.

isis-killer-beheading-video-story-top Facebook, Twitter fall as they face U.S. Congress
Sep 05, 2018 - 21:33
Social media stocks fell after his remarks, with Twitter down 5.7 percent and Facebook around 1.8 percent lower. The companies have made many policy changes, and have caught and banned malicious accounts over the past year.

isis-killer-beheading-video-story-top DeChambeau shoots 63, gets Tiger's vote for Ryder Cup
Sep 05, 2018 - 19:45
Furyk heaped praise on the trio, particularly 14-times major champion Woods, who will now relinquish his role as a vice-captain. For the continent to wrestle back the trophy these wildcards will be under pressure to repay the faith shown by their captain.