Tesla stock falls as CEO appears to smoke marijuana on video

Credit You Tube  PowerfulJRE

Shares of electric vehicle maker Tesla have fallen more than 6 per cent after company CEO Elon Musk smoked marijuana during a podcast interview and the company's accounting chief left after a month on the job.

"I think I had one once", Mr. Musk said.

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.

Tesla share prices took a hit amounting to as much as 9 percent today, after billionaire CEO Elon Musk took a hit off what looked like as a marijuana stogie during a YouTube talk show.

Proudly unconventional entrepreneur Elon Musk spent most of an online interview, streamed live Thursday night, pontificating and joking around with podcast host Joe Rogan, who showered him with adulation for his brilliance.

But McNealy said that life at the helm of a big company - particularly one that has relied so heavily upon government subsidies and tax dollars - can be very stressful.

Philippe Houchois, an analyst at Jefferies Group with a hold rating on Tesla shares, said that Musk "seems to be on a slightly self-destructive bent".

In the Friday filing, Morton said. Shares were trading at about $360 and the bonds yielding about 7% before Mr. Musk's August 7 statement on Twitter that he had secured funding to take the company private at a price of $420 a share.

Tesla shares were trading down almost 7 percent at $261.45 at the time of publication Friday.




Elon Musk is back at it again! Rogan told Musk it was a mix of tobacco and marijuana.

Tesla's HR chief told Bloomberg News she was quitting.

Marijuana is legal in California, where the interview took place, but Musk's phone later started buzzing.

But there were other factors at work: Tesla reported that its chief accounting officer, Dave Morton, was leaving the company after just a month on the job.

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.

In the clip, Rogan lights up what looks like a cigar, and Musk inquires what he's holding.

Shortly after smoking, Musk looks at his phone and laughs, telling Rogan he was getting texts from friends asking why he was smoking weed during the interview.

Last month's "go private" plan caused Tesla's shares to spike upward, but when the idea fizzled, the stock took a beating. In recent weeks he has drawn criticism for claiming that a British diver who assisted in the rescue of a youth soccer team from a flooded cave in Thailand is a child molester.

Elon also indulged in certain recreational drugs during the podcast.

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