After smoking marijuana, Elon Musk rejigs top Tesla management

After smoking marijuana, Elon Musk rejigs top Tesla management

After smoking marijuana, Elon Musk rejigs top Tesla management

(TSLA.O) has reached a fever pitch, with the news that two senior executives are leaving Elon Musk's electric-car maker emerging hours after he smoked marijuana during a podcast interview streamed live online. Tesla said Chief Accounting Officer Dave Morton resigned because of discomfort with the public attention and pace of work. Musk has admitted that running an electric auto and energy company like Tesla is exhausting, and in an interview with the New York Times last month, Musk stated that anyone who could do a better job can take over for him anytime.

Tesla's top accountant announced Friday he was stepping down after a month on the job, citing the electric vehicle company's frenetic pace.

Separately, Musk touted the company's overall progress on Friday.

"I'm not a regular smoker of weed", Mr Musk said.

Shortly after smoking, Musk - dressed in a black T-shirt that says "Occupy Mars" - looks at his phone and laughs, telling Rogan he is getting texts from friends asking why he's smoking weed during the interview.

Accounting officer Dave Morton's resignation was announced in an official filing with United States regulator the Securities and Exchange Commission.

Concerned investors drove Tesla's stock price down 5 percent to $265.22 as of 12:12 p.m. on Friday.

Depending on your perspective, you may be a bit conflicted as you digest the Friday morning news surrounding Tesla Inc.

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CEO Elon Musk devised and then quickly canceled a plan to take the company private. 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.

Musk first called the diver Unsworth a "pedo" in a July tweet - an unfounded claim against a man who was part of the global team that freed 12 young footballers and their coach from the Tham Luang cave complex. "As a result, this caused me to reconsider my future", Morton said in the filing.

Chris Lister who joined Tesla previous year and was key to solving production problems at the Gigafactory in Nevada and ramping Model 3 production has been promoted to Vice President, Gigafactory Operations.

Musk's behaviour has raised concerns about his leadership and several Wall Street analysts have called for the company to appoint a strong deputy to prop up Tesla's operations and standing with investors.

Morton, who is walking away from a $350,000 base salary and a $10 million new-hire stock grant that would vest over four years, said he believes "strongly" in Tesla and that he had no disagreements with the company's leadership or its financial reporting. She had been on leave for a few months to be with her family, Tesla wrote in a blog post.

The lawsuit cites Musk's tweet on August 7 about taking Tesla private.

The spring and summer were full of drama for Musk, as he tussled in person and online with analysts, short-sellers and a British diver who helped rescue a team of boys trapped in a cave in Thailand.

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