Tesla stock falls as CEO appears to smoke marijuana on video

Roman Schwartz
September 10, 2018

Musk did not mention the incident in his interview on Rogan's podcast, which lasted more than two hours.

The exchange, which came near the end of an interview that lasted more than 2½ hours, illustrates Musk's generally carefree approach.

"You probably can't because of stockholders", Rogan joked, to which Musk reasoned, "I mean it's legal, right?" Neuralink may have something interesting to announce in a few months, Musk told Rogan.

Morton joined the electric vehicle company the day before Musk tweeted that he was considering taking the company private, causing stocks to soar and prompting and a Securities and Exchange Commission investigation from over whether he had funding secured, as he had stated. What I'm saying is that when Musk is bad the tweets are good, and here are the best ones from today's well-deserved social media dogpile.

Elon Musk is back at it again!

The plunge in Tesla's stock comes just a day after Elon Musk expressed his support for a report estimating the USA sales figures for electric cars now available in the United States. CNBC pointed out people could argue Musk was "under the influence" while at work because he was representing the company in the interview.

Musk's plans to take Tesla private have since been thwarted, and it appears that his anti-cannabis chiding was easily susceptible to Rogan's light peer pressure.

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Several Wall Street analysts renewed calls for the company to appoint another senior leader, either to replace Musk as chief executive or provide more support as the company strives to expand production and potentially raise more capital.

Tesla's Chief People Officer Gabrielle Toledano is on a leave of absence since late August, while Doug Field, Tesla's senior vice president of engineering, took a leave of absence in May and eventually did not return.

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.

Make no mistake, even if the base is secured, Tesla's vital swing investors are backing away. Since the start of the year, 41 executives have left, according to CNBC.

He said: I think the future in where we are a space-faring civilisation out there among the stars, that is very exciting. "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 was quoted as saying. A podcast appearance Thursday night featuring whiskey, a joint and a Samurai sword was only the latest example of Musk's eccentric behavior.

Especially freakish moments involving the Tesla chief of late include disparaging remarks about a Briton who helped save boys trapped in a cave in Thailand and the abrupt shutdown of Wall Street analyst questions during a contentious earnings conference call this spring.

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