Tesla Stock Takes A Hit - After Elon Musk Does The Same

Tesla Stock Takes A Hit - After Elon Musk Does The Same

Adding to investor concern, Mr. Musk appeared to smoke marijuana during a live interview late Thursday, on "The Joe Rogan Experience", one of the world's most popular podcasts.

Some investors were likely concerned with Musk's behavior during the Rogan podcast, which included some smoking and alcohol.

In a Friday morning SEC filing, Tesla revealed that Chief Accounting Officer Dave Morton is resigning less than a month after taking the job, citing the company's fast pace and "the level of public attention" on the company.

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.

Recreational marijuana use is legal under California law, but federal law still considers it a crime. That said, his experience was probably not a good fit for the electric vehicle maker's startup culture, which is characterized by its flat organizational structure and its fast pace.

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

Accounting chief David Morton reportedly resigned just a month after joining the company.

As of writing, Tesla stock is down 6.64% at $263.13 per share.

Shortly after Morton's announcement, Bloomberg reported that Tesla's Chief People Officer, Gabrielle Toledano, would not be returning to the company after a leave of absence. Last month, Musk ignited controversy by announcing on Twitter that a deal to take Tesla private was all but certain, only to abandon the plan 17 days later.

Chris Lister who joined Tesla past year and was key to solving production problems at the Gigafactory in Nevada and ramping Model 3 production has been promoted to Vice President, Gigafactory Operations.

"I can not answer questions about potential future products".

Elon Musk, CEO of Tesla Motors Inc., unveils the companyís newest products, Powerwall and Powerpack in Hawthorne, Calif., Thursday, April 30, 2015.

"Given the feedback I've received, it's apparent that most of Tesla's existing shareholders believe we are better off as a public company", he wrote in a blog post published on the company's website. USA regulator the Securities and Exchange Commission (SEC) is investigating whether the tweets may have violated United States securities law, according to a report in August by Fox Business Network, citing sources.

Indeed, Tesla's board is rumored to be searching for another executive to help Musk.

In July he shocked investors by announcing on Twitter that he had funding secured to take his auto firm Tesla private.

They also considered the merits of social media, which Musk referred to as 'giant cybernetic collectives, ' which was particularly interesting given the tech CEO's recent spat with British driver Vernon Unsworth, whom Musk has publicly claimed on multiple occasions to be a pedophile.

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