Elon Musk sparked concern with shareholders after smoking marijuana live web show with U.S. comedian Joe Rogan late Thursday night while discussing a plethora of random subjects, including artificial, flame throwers and social media.
However, during an interview for The New York Times, Mr. Musk criticized the use of the drug while denying it had anything to do with attempting to take Tesla private. Tesla has said cash from producing more Model 3 mass-market electric cars will pay the bills and drive profits.
"I mean it's legal, right?" said Musk, before taking a puff.
"I'm getting text messages from friends saying, 'What the hell are you doing smoking weed?'" said Musk said later on in the interview.
The drop comes the same day as the public announcement that chief accounting officer Dave Morton would resign.More news: Naomi Osaka's grandfather in Hokkaido safe and proud：The Asahi Shimbun
Today it was revealed that two top executives have left Tesla, and its plummeting stock fell even lower.
This time, the executive departure is David Morton, chief accounting officer at Tesla Inc., who called it quits after just a month on the job.
Separately, human resources chief Gabrielle Toledano told Bloomberg she planned to exit the company, not returning from a leave of absence. Just 17 days after tweeting that he had the funding and investor support secured to buy out some stockholders at $420 a share, the billionaire scrapped the idea without having made a formal proposal to the board. For a Factbox on executive departures, see: Even before Musk's surprise August 7 Twitter disclosure 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.
Tesla has long struggled with high turnover among its senior executive ranks, and its finance team, in particular, has gone through significant tumult lately.
Musk admitted on "The Joe Rogan Experience" that running a company like Tesla is intense and tricky, saying, "It's very hard to keep a vehicle company alive". "Tesla 1st, 2nd & 3rd in August sales", Musk tweeted. "As a result, this caused me to reconsider my future".
When discussing Musk's proclivity towards invention and innovation, the entrepreneur said that he first became aware that he was different around five or six years old.
Meanwhile, shareholder activist and short-seller Andrew E. Left sued Tesla and Musk on Thursday, alleging that Musk "artificially manipulated the price of Tesla securities with objectively false tweets in order to "burn" the Company's short-sellers".