Published: Mon, September 10, 2018
Money | By Armando Alvarado

Tesla accounting chief resigns

Tesla accounting chief resigns

The controversial SpaceX and Tesla billionaire smoked a joint during a wide-ranging two and a half hour chat Joe Rogan Experience comedy podcast, which covered everything from artificial intelligence and its impact on humankind to flame throwers and social media.

Rogan's podcast is known for being choppy and focused on a wide array of topics, but Musk's appearance was particularly wild, as the two went from discussing ancient weaponry to talking about the CEO's new electric plane design.

Chief Accounting Officer Dave Morton resigned after just one month in the job because of discomfort with the attention on the company and pace of work during that time, Tesla said in a filing on Friday.

In an email to employees, CEO Elon Musk said Toledano was on leave to "spend more time with her family and has chose to continue doing so for personal reasons". Marijuana is legal for medical and recreational use in California, where the interview was recorded.

Tesla shares fell as much as 10% to $252.25 as of 9.46am in NY, the steepest intra-day drop since June 2016. Musk has defended the pressure-cooker atmosphere as necessary to preserve the company. "At first I thought I was insane", Musk told Rogan.

Musk did not mention the incident in his interview on Rogan's podcast, which lasted more than two hours.

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

Mr Isaacs and the second plaintiff, William Chamberlain, have alleged that Tesla's stock price was artificially inflated and federal securities laws had been breached.

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Until then, relive tonight's madness with the top reactions of the night by way of your trusty Twitter community. He also ran for 32 yards on seven carries, including a 2-yard touchdown run in the first quarter.

Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo, September 8, 2014. This followed a report by Bloomberg on Friday that Gabrielle Toledano, head of human resources, would not return to Tesla after a leave of absence.

Aside from the weed, Musk also touted a couple weapons on the show's set, including a flamethrower and a Katana that Rogan claims is hundreds of years old.

Tesla shares sank 6.3 to close at $263.24 after the latest events that heightened concerns over Musk's erratic management style at the electric carmaker.

Tesla is undergoing another executive shakeup, and investors are nervous. Tesla didn't immediately respond to a morning email requesting more information on a potential replacement or any connection between his departure and the widely reported SEC investigation into Musk's recent Twitter posts, later walked back, about taking Tesla private.

"This caused me to reconsider my future", Morton said.

Elon Musk announced a major shakeup in Tesla's executive ranks on Friday, just hours after a weird interview left some investors rattled.

Tesla stock has lost a third of its value since August 7, the day Musk announced the go-private plan.

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