Economy

Tesla stock falls as CEO appears to smoke marijuana on video

Tesla stock falls as CEO appears to smoke marijuana on video

(TSLA.O) has reached a fever pitch, with the news that two senior executives are leaving Elon Musk's electric-car maker emerging hours after he smoked marijuana during a podcast interview streamed live online. "As a result, this caused me to reconsider my future", Morton was quoted as saying in a company filing.

Morton, who is walking away from a $350,000 base salary and a $10 million new-hire stock grant that would vest over four years, said he believed "strongly" in Tesla and that he had no disagreements with the company's leadership or its financial reporting. Tesla's stock plunged, then extended declines after Gabrielle Toledano, the head of human resources who's been on a leave of absence, told Bloomberg News that she won't rejoin the company.

"It's legal right?" Musk asked, before Rogan said it was "totally legal" and the entrepreneur took a drag of the cigarette.

Tiger, Phil, DeChambeau named to U.S. Ryder Cup team
European captain Thomas Bjorn will name his four captain's picks on Wednesday to complete the home team. Woods will no longer be a vice captain, though Furyk said he would continue to lean on his advice.

Many of Musk's Twitter followers questioned if smoking marijuana was against the company's policy, while others mocked the CEO's initial $420 bid, a number that has become code for marijuana. After rising as high as $387, shares of Tesla have now fallen 32% to $261. Midday, Tesla shares were trading 6.4 percent lower at $262.90.

"Okay I've changed my mind on Elon Musk", another person tweeted.

The promotions follow what have been a tumultuous few weeks for Musk, an increasingly mercurial chief executive who got himself into some hot water last month with a proposal to take Tesla private. They were sitting inside a studio in California, where medical and recreational marijuana use is indeed legal.

Nadal and Thiem quarterfinal match should be a dandy one
Her footwork wasn't quite as sharp as normal, and she had told the announcers at one point that she wasn't playing at 100%. So far, their rivalry has been contested exclusively on clay, with Nadal leading the Austrian 7-3 head-to-head.

The auto company has struggled to scale up production of its Model 3 sedan, which has been hit by a number of delays, intensifying the pressure on Musk.

And now that the technology that underpins Tesla's products has matured, is it time for a more traditional CEO to step in and help the company level-off into a stable and profitable enterprise? But I don't think it's very good for productivity.

Days after Elon Musk made headlines for repeating unsubstantiated allegations that a British diver involved in the Thailand cave rescue is a pedophile, the CEO of Tesla and SpaceX provoked more investor uncertainty when he appeared to smoke a blunt on-air during a podcast. The newspaper said two people familiar with the automaker's board expressed concern about his workload and use of the prescription sleeping drug Ambien.

What is the UEFA Nations League and how does it work?
The creation of the competition stems from the desire to replace meaningless friendly matches with more competitive games . In March 2020, each Nations League tier will have a four-team playoff bracket with the victor advancing to Euro 2020 .

Especially freakish moments involving the Tesla chief of late include disparaging remarks about Vernon Unsworth, a Briton who helped save boys trapped in a Thai cave and the abrupt shutdown of Wall Street analyst's questions during a contentious earnings conference call.


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