Baked Musk Hints At New Tesla Smart Home Product


The chief accounting officer has left less than a month after joining, while its HR officer is also reported to have resigned a year after joining.

Morton's departure further roiled the company, which has been under heightened scrutiny since Musk's chaotic Twitter announcement on August 7 that he was considering taking Tesla private, before reversing the plan two weeks later.

He said: I think the future in where we are a space-faring civilisation out there among the stars, that is very exciting. Morton, who joined Tesla on August 6, was quoted in a company filing on Friday saying he believes "strongly" in Tesla and that he had no disagreements with the company's leadership or its financial reporting.

But headlines on Friday fixated on the few seconds of the interview that the Tesla chief spent smoking marijuana and sipping on Whiskey, the optics of which amplified an already bad headline day for his company. Employees at both its Fremont, California, vehicle factory and Reno, Nevada, battery Gigafactory, have been living through what Musk has called "production hell", working to ramp up production of the company's critical Model 3 sedan.

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 auto company over claims that they lied to investors about taking TSLA private.

The move came a day after CEO Elon Musk appeared in a live webcast with entertainment host Joe Rogan, in an interview which some deemed "self-destructive" and "out of control".

Although he later announced that Tesla would remain a publicly traded company to appease shareholders, that tweet spurred the U.S. Securities and Exchange Commission to launch an investigation into the veracity of Musk's statement.

Andhra Pradesh Government Announces Reduction in Petrol, Diesel Prices by Rs 2
Diesel prices in the three cities were also raised today to Rs 77.32, Rs 75.68 and Rs 76.98 per litre, respectively. Opposition parties have called for a bandh today to protest high retail prices of petrol and diesel.

Musk said he was not as anxious about artificial intelligence than he was previously after taking a more fatalistic attitude.

Just hours later Tesla was rocked again as human resources boss Gabrielle Toledano and accounting chief Dave Morton left. While Musk deleted the original tweets, BBC News reports Musk appeared to renew the allegation in an August 28 tweet.

Morton's brief tenure with the company coincided with the aborted go-private push.

The interview was punctuated by long pauses and flashing eye movement by Musk after he was asked questions.

Musk did not directly address the suit during the Rogan sit-down.

The turnover among top executives should concern investors who wanted more stability at Tesla, said John Wilson, head of research and corporate governance at Cornerstone Capital Group. Doug Field, the company's Senior Vice President of Engineering exited the company for "personal reasons", in July after taking a leave of absence. Neither Tesla nor Musk have commented on the Buzzfeed report.