Tesla rocked by executive departures, Musk web show

Pauline Obrien
September 11, 2018

Bloomberg also reported on Friday that Chief People Officer Gaby Toledano would not return from a leave of absence just over a year after joining.

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.

Morton had been on the job for about a month, starting one day before Musk announced on Twitter that he was considering taking the electric auto company private.

The company, hurt in the past month by Musk's high-profile U-turn on a deal to take it private, said Chief Accounting Officer Dave Morton had resigned, citing discomfort with the level of public attention and pace of work. Morton stated that "the level of public attention placed on the company" and "the pace within the company" caused him to reconsider his future.

Mr Musk spent two and half hours on Joe Rogan's streamed podcast on Thursday night discussing a range of topics including artificial intelligence and social media. "I'm getting text messages from friends saying, 'What the hell are you doing smoking weed?'" he said. "I don't actually notice any effect".

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The 47-year-old billionaire later said he wasn't a "regular smoker" of marijuana because he doesn't find it "very good for productivity".

Musk already alarmed some Tesla investors by admitting in an emotional interview last month with The New York Times that he takes the prescription drug Ambien because he has difficulty sleeping.

The chief accounting officer is leaving after just one month on the job.

If such a system is connected to your vehicle, it could calculate when you'll be home and start the air conditioning at the optimal time to save energy, Musk said.

His responsibilities could include the types of things analysts have said Musk needs a COO to do in running the day-to-day operations of the company.

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Soon after, Musk changed his mind and said he decided the company would remain public. Rogan told Musk it was a mix of tobacco and marijuana.

Futurist Elon Musk's samurai-sword wielding, blunt-smoking appearance on Joe Rogan's podcast is under investigation by the U.S. Air Force.

FILE- In this June 24, 2018, file photo Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference in Chicago.

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. Friday was also the last day for Sarah O'Brien, Tesla's vice president of communications, who announced her resignation last month. The San Francisco office of the Securities and Exchange Commission is investigating Musk's tweet about having "funding secured" - a proposition that proved dubious - as well as broader issues surrounding company disclosures about production goals with the midsize Model 3, which Tesla is counting on to drive up revenue and stabilize its finances.

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