Tesla Bonds Fall as Chief Accountant Resigns


Shares of electric auto maker Tesla Inc. fell more than 6 per cent early Friday after the CEO appeared to smoke marijuana during an interview and the company's accounting chief left after a month on the job. He added that he still believed in Tesla, that "I have no disagreements with Tesla's leadership or its financial reporting". Gabrielle Toledano, vice president of human resources, announced that she would not be returning after her leave of absence.

Taking a puff from a joint - which Rogan said was a blend of tobacco and marijuana and is legal in California - Musk said he "almost never" smoked.

Following Musk's pot smoking performance during a live podcast show with comedian Joe Rogan, reports have emerged that the Air Force was conducting an investigation into SpaceX CEO's behavior.

"Elon's actions are making it harder and harder to support Tesla as a company", said analyst Gene Munster of Loup Ventures.

"I think you have a responsibility as a CEO to be a role model to young kids and kids in college and young executives, to your employees", Sun Microsystems co-founder Scott McNealy said on Friday during an interview on FOX Business' "Cavuto: Coast to Coast".

Concerned investors drove Tesla shares down 7.7 percent in pre-market trading to $259.35. Skip to the 2:10:00 mark if you want to watch Musk smoke up.

Asked by Musk whether it was legal to smoke, Rogan assured him that it was, then asked: "How does that work?"

However, during an interview for The New York Times, Mr. Musk criticized the use of the drug while denying it had anything to do with attempting to take Tesla private.

"No, I'm getting text messages from friends saying, 'What the hell are you doing smoking weed?'" Musk replied.

Regarding Tesla's chief accounting officer's departure, the executive released a statement in a filing with the Securities and Exchange Commission on Friday.

In a wide ranging interview published on Thursday night, Tesla CEO Elon Musk said he has big ideas for an electric plane.

It's not clear whether the reshuffling of executives goes quite that far, but it does address a vacuum that had been developing at the top of the company as several top executives have recently left. Meanwhile Musk somehow can't stop accusing one of the cave divers who rescued those trapped children in Thailand of being a pedophile. As for recreational drugs, he has used them "on occasion", sources said.

"Weed is not helpful for productivity".

Rogan asked Musk about The Boring Company, which Musk said started as a " joke", mostly borne out of his desperation to fix L.A.'s notoriously bad traffic problem.