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Tesla accounting chief quits over Tesla’s "level of public attention"

07 September, 2018, 23:00 | Author: Lydia Fleming
  • Elon Musk Smoking Weed With Joe Rogan is the GIF of the Century

Musk, 47, took one drag (see a brief clip at the end of this post) from what Rogan described as a joint containing tobacco mixed with marijuana, which is legal in California.

"There are so many rumors and problems about Tesla that we stay skeptical concerning the Tesla shares". Rogan asked, noting that Musk probably had not "because of stockholders".

Of 50 U.S. sates, recreational cannabis remains illegal in 41 - but it was legalised in California, where the podcast was filmed, in January.

Tesla shares sank 7% to $26.34 (about R400) in mid-morning trading after chief accounting officer Dave Morton announced his exit after only a month on the job, citing the company's frenetic pace. "When I was 5 or 6 or something, I thought I was insane", he said.

In addition, Bloomberg News reported that Tesla's head of human resources, Gaby Toledano, would not be returning from a leave of absence.

"I Mean, It's Legal!"

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.

During another exchange, Rogan asked Musk about Tesla's solar roof capabilties, Musk referred to digitally redenred CGI pictures of houses with the technology and stated that the houses do in fact work - except the houses aren't real.


The company disclosed the departure in a regulatory filing.

Accounting chief David Morton reportedly resigned just a month after joining the company. Last month, when he floated the idea of taking Tesla private at a premium price of $420 a share, many noted that "420" served as longstanding code for marijuana use.

Tesla shares were volatile Friday morning amid a flawless storm of chaotic news for the embattled electric carmaker.

Musk's representative didn't immediately respond to a request for comment.

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

Why did a rich man who wants to transport mankind to Mars and fix Los Angeles' traffic issues with an underground tunnel even go on Joe Rogan's podcast?

Musk and the host, also added whiskey to the mix. The stock has plunged 31 percent since Musk floated the idea of taking the vehicle maker off the public market, lopping billions of dollars off the company's market value.

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