Tesla (TSLA) plunges 6% amid new executive departures, Musk’s behavior during podcast


On Friday, Tesla's chief accounting officer unexpectedly resigned after a month on the job - leaving a hole in the embattled company's management.

Musk smoked marijuana with comedian Joe Rogan at the end of a two-and-half-hour interview on the "The Joe Rogan Experience", which featured a wide-ranging discussion on topics including artificial intelligence, the Tesla chief executive's technological ambitions and personal hardship.

When Elon Musk isn't busy working ridiculously long hours at Tesla, or SpaceX, or Solar City, or any of the other myriad companies he runs, he's apparently thinking long and hard about how an electric plane would work.

Tesla chief executive Elon Musk at a news conference on February 6.

Also on Friday, Bloomberg reported that Tesla's human-resources chief, Gaby Toledano, would not return from a leave of absence that began in August.

Tesla did not immediately respond to ABC News' request for comment.

At the same time that a video of Musk's wacky weed affair was going viral, reports surfaced that two top execs at the embattled electric-car maker abruptly departed.

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Woodward sought through multiple White House officials and others close to Trump to secure an interview with him, to no avail. In one meeting, Kelly reportedly said Trump was "an idiot", and it was "pointless to try to convince him of anything".

While he said he was "not a regular smoker of weed", he took a drag from what Rogan described as a joint containing tobacco mixed with marijuana, which is legal in California.

A screenshot of Elon Musk apparently smoking marijuana with Joe Rogan.

Even before Musk's surprise August 7 tweet that he had funding "secured" for a go-private deal, Tesla had been under scrutiny from investors, analysts and short-sellers as it works to hit production targets and slow its cash burn. But Musk also said this isn't really a priority, and he also dismissed the concept of a flying vehicle as impractical. Later Musk says he doesn't notice any effect from the joint, which he claims he rarely smokes.

Overall, Morton appears to have parted ways with Tesla amicably, stating that he still believes in the company's overall mission, as well as its future prospects.

Tesla shares are having their worst day of trading in over two years amid new alarming antics from CEO Elon Musk and executive departures.

"We have been calling for a co-CEO or COO to assist to codifying the leadership structure and in so doing, the culture at Tesla", said James Albertine, analyst at brokerage Consumer Edge, speaking before the promotions were announced. Tesla's stock is down more than six percent to $262, the lowest level since April. The report, which was published by electric car-themed news site InsideEVs, estimated that the Tesla Model 3, Model S, and Model X, were the Top 3 electric cars in the U.S. in August.

Tesla CEO Elon Musk has reversed course on a plan to turn Tesla back into a private company via a significant stock buyback that was estimated to cost tens of billions, closing a very short chapter in.