More trouble for Tesla after executives resign

Musk told Rogan that he's not a regular weed smoker

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. They did the kind of things you'd expect people to do on Joe Rogan's podcast: they talked about the cosmos, the rise of AI, samurai swords, and drugs.

Supporters say Musk is a brilliant innovator and leader who has succeeded specifically because of his willingness to buck convention in an industry that's stuck in its ways.

Tesla's shares tumbled as much as 10% in mid-day trading Friday, Bloomberg reports-the largest one-day drop since June 2016.

"Electric cars are important, solar energy is important, stationary storage of energy is important", he said.

Musk added: I'm not a regular smoker of weed - nearly never...

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

Accounting officer Dave Morton's resignation was announced in an official filing with U.S. regulator the Securities and Exchange Commission. Tesla's stock is down more than six percent to $262, the lowest level since April.

Nonetheless, Tesla shareholders were not amused to see yet another impulsive act from the CEO, and shares dropped by 9% before closing down 6%.

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The latest round of executive departures comes after Elon Musk opted to walk away from his initiative to take the company private last month. Not only did Musk not have any kind of written funding deal, many Tesla investors saw little upside in approving a deal that would reduce Tesla's transparency and the liquidity of Tesla stock.

Rogan found Musk's response dubious.

He said: I think the future in where we are a space-faring civilisation out there among the stars, that is very exciting. 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.

Elon Musk, CEO of Tesla Motors Inc., unveils the companyís newest products, Powerwall and Powerpack in Hawthorne, Calif., Thursday, April 30, 2015. 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. In an Instagram post from the August weekend spent at Musk's residence, Banks claimed the Tesla CEO had taken LSD.

The circumstances surrounding the go-private, no-go-private episode have reportedly drawn heightened scrutiny from SEC investigators.

He went on to say that running Tesla was the "hardest" job he has: "It's very difficult to keep a auto company alive".

"It's time for Tesla and Elon Musk to grow up", Michelle Krebs, executive analyst at Autotrader, said Friday.

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