Tesla rocked by latest executive shakeup, Musk's behavior on webcast

10 September, 2018, 17:00 | Author: Sally Reid
  • Elon Musk Smoke His First Blunt on The Joe Rogan Experience

Rogan's podcast is known for being choppy and focused on a wide array of topics, but Musk's appearance was particularly wild, as the two went from discussing ancient weaponry to talking about the CEO's new electric plane design.

San Francisco - The turmoil at Tesla reached a fever pitch on Friday as news emerged that two senior executives will leave Elon Musk's electric-vehicle (EV) maker, a matter of hours after he smoked marijuana during an hours-long interview with a comedian.

Morton, who joined the company just one month ago, said he was leaving because "the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations". Guillen, whom Musk says was a key player in the construction of an additional Model 3 assembly line in a tent adjacent to the factory, will report directly to Musk and oversee all automotive and supply chain operations.

Shares in Tesla fell by as much as 9% on the same day the electric auto maker lost two executives and its boss was filmed smoking cannabis during an interview.

"It's quite hard to run companies". That saga ended with a Friday night announcement in late August, in which Musk said Tesla would remain a publicly traded company.

The blunt usage began near the end of the interview when Rogan produced it and Musk responded by asking, "I mean, it's legal, right?"

Separately, Tesla revealed that its chief accounting officer has resigned after less than a month on the job, raising further concerns about the company's leadership stability.

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Today it was revealed that two top executives have left Tesla, and its plummeting stock fell even lower.

Over the past month, Musk has been embroiled in a series of controversies and media scandals surrounding his attempt to take Tesla private at $420 per share. 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. This is all bad news if you work for one of Elon Musk's companies or care about him as a person. The accusation seemed prompted by the man's criticism of Musk's contributions to the rescue.

"I can not answer questions about potential future products".

Some Wall Street analysts are again calling for Tesla to appoint another senior leader for the company to take the pressure off Elon Musk, or rein in his control.

Mr Morton said he still believes strongly in Tesla's "mission and future prospects" and has "no disagreements with Tesla's leadership or its financial reporting". The U.S. Securities and Exchange Commission is now investigating that assertion, and Musk quickly backtracked on the plan.

At least 48 executives have left the company this year. In an Instagram post from the August weekend spent at Musk's residence, Banks claimed the Tesla CEO had taken LSD.

All these antics have led many business observers to call for Tesla's board to get help for Musk and relieve him of some of his responsibilities.

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