Elon Musk smokes weed in California-based podcast appearance

Clark ByrdSep 08, 2018

More seriously for Tesla, Musk startled investors for tweeting on August 7 that he planned to take the company private, only to suddenly reverse those plans weeks later. Today also stands as Tesla VP of Comms Sarah O'Brien's last official day at the company.

"Am considering taking Tesla private at $420".

Chief accounting officer, Dave Morton, resigned after being with the company for one month, citing intense public attention. Morton said in the filing "the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations". The Securities and Exchange Commission reportedly served Tesla with a subpoena on August 15 about Musk's intentions.

Morton is a veteran in the tech sector, serving as the Executive Vice President and Chief Financial Officer of Seagate before starting his employment at Tesla.

That move, described in a company blog with several other promotions as a result of board and management discussions, gives Musk a seasoned auto industry veteran to lean on at a time when some investors have called for a new chief operating officer. "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".

Rogan pulled out a joint in the middle of the interview, leading Musk to wonder if it was a tobacco cigar or cannabis.

The bond had tumbled earlier this week as Musk renewed an attack on a British caver whom he had previously insulted on social media a day after Mercedes-Benz unveiled a challenge to the electric vehicle maker.

Musk sipped whiskey and smoked marijuana during a more than two-and-a-half-hour podcast with comedian Joe Rogan late on Thursday that touched on everything from flame throwers and artificial intelligence to the end of the universe.

"We have been calling for a co-CEO or COO to assist to codifying the leadership structure and in so doing, the culture at Tesla", said James Albertine, analyst at brokerage Consumer Edge, speaking before the promotions were announced.

Tesla was not immediately available for comment.

Tesla said cash from Model 3 sales will pay the bills and drive profits. Shares barely moved after hours, when the promotions were announced.

The announcement sent Tesla stock surging by more than 10 percent.

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