Tesla tumbles as new exits raise fresh concerns

Tesla tumbles as new exits raise fresh concerns

Also today, Tesla human resources chief Gaby Toledano announced that she would not be returning to Tesla after taking a leave of absence last month.

Tesla shares fell more than 6 percent on Friday, after top executives resigned and CEO Elon Musk appeared to smoke pot in a video.

He has denied he was smoking weed when he sent his now infamous tweet on August 7 claiming he had secured funding to take Tesla private.

The CEO of electric-car maker Tesla and rocket startup SpaceX spent more than two-and-a-half hours Thursday night talking to podcast host Joe Rogan about what it's like inside his head ("a never-ending explosion"), keeping a auto company in business ("very difficult") and trying to get governments to regulate artificial intelligence ("nobody listened").

"I'm not a regular smoker of weed", the Tesla CEO said late Thursday on the podcast, which was shown live on the internet. "I don't actually notice any effect ..."

Last month, a highly fraught and emotional Musk told The New York Times that he didn't care much for smoking weed in response to questions about his tweet announcing intentions to take the auto company private at $420 per share. In the first quarter of this year, the company lost Morton's predecessor, Eric Branderiz, and Susan Repo, who was treasurer and vice-president of finance. But Tesla has said that the departures are at a rate typical of any large company.

Musk also warned that there would be "a lot of fuss and noise in the media" in the near term, seemingly an acknowledgement of the fallout from a 2 1/2-hour on-camera interview he participated in just hours earlier with comedy host Joe Rogan.




Some Wall Street analysts are again calling for Tesla to appoint another senior leader for the company to take the pressure off Elon Musk, or rein in his control.

Mr Musk has said the company is producing more than 5,000 Model 3 electric cars per week, and that cash generated from the sales will bring sustained quarterly profits.

Over the course of the interview the men discussed a variety of topics including: the future of humanity and artificial intelligence, Tesla, SpaceX, Musk's controversial merchandising decision to produce 20,0000 flamethrowers at $500 a pop, human kindness and love. He'll report directly to Musk, the CEO said in a note to employees.

And investors have remained on edge as the stock declines - it closed Friday at $263.24 - and Musk continues to draw attention away from strategic priorities, often through impulsive outbursts on Twitter.

He went on to say, "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". Neuralink may have something interesting to announce in a few months, Musk told Rogan.

At least 48 executives have left the company this year.

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