Tesla chief Elon Musk smokes marijuana on live web show

Pauline Obrien
September 8, 2018

"Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations", the company quoted Morton as saying in the filing with the U.S. Securities and Exchange Commission.

Morton left Seagate Technology(STX) - where, according to company filings, he made some $5 million in 2017 salary and other compensation - to join Tesla.

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.

Shares of electric vehicle pioneer Tesla Inc.

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

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Tesla's head of human resources, Gabrielle Toledano, who is now on a leave of absence, told Bloomberg News Friday morning that she would not return to Tesla.

Tesla's board of directors is on the lookout for senior talent but is not actively searching for a chief operating officer, a person familiar with the board's thinking told Bloomberg News in August.

"I'm getting text messages from friends saying, 'What the hell are you doing smoking weed?'" he said.

In a recent New York Timers interview, Musk did admit to using the prescription drug Ambien to help him sleep.

"I don't think you'd necessarily want to be me", he said. That said, his experience was probably not a good fit for the electric vehicle maker's startup culture, which is characterized by its flat organizational structure and its fast pace. Later Musk says he doesn't notice any effect from the joint, which he claims he rarely smokes. He added that he still believed in Tesla, that "I have no disagreements with Tesla's leadership or its financial reporting".

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

Analysts on Friday reiterated their call for Tesla to bring in another senior leader.

Tesla Inc. (TSLA) shares dropped down to their lowest point in almost six months today amid a lawsuit made by a short-seller who is suing the vehicle company over claims that they lied to investors about taking TSLA private. This brings the company's stocks down more than 30 percent from their all-time intraday high of $389.61. Credit ratings agency Moody's most recently lowered its outlook on Tesla's situation to negative from stable, citing "significant shortfall" in the Model 3 production rate and a tight financial situation. Although he abandoned the idea less than three weeks later, he remained under investigation by the SEC.

The company's stock was down by roughly 7 percent in early-morning trading.

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