Tesla rocked by latest executive shakeup, Musk's behavior on webcast

Bizarre – Tesla founder Elon Musk has added to speculation over his behaviour by smoking a joint during a live interview More

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.

Morton, a former CFO for computer-drive maker Seagate Technology, joined Tesla one day before Musk tweeted that he was considering buying out some investors at $420 a share and taking the company private. Rogan asked Musk, as he offered him the joint.

Tesla stock (NASDAQ:TSLA) is down 6% in Friday's intraday amid reports that the company lost two more executives, with Chief Accounting Officer David H. Morton, Jr. leaving his post after just two months and Chief People Officer Gabrielle Toledano confirming that she would not be coming back from a leave.

Even before Musk's surprise August 7 tweet 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. The stock has plunged 31 percent since Musk floated the idea of taking the auto maker off the public market, lopping billions of dollars off the company's market value. Tesla said Chief Accounting Officer Dave Morton resigned because of discomfort with the public attention and pace of work.

Overall, Morton appears to have parted ways with Tesla amicably, stating that he still believes in the company's overall mission, as well as its future prospects.

Ready to strike Syria if chemical weapons used: French army chief
The United States warned Syria Tuesday it will respond "swiftly and appropriately" if it uses chemical weapons against its people. Trump has already twice struck Syrian government targets after the Syrian regime used chemical weapons against civilians.

Tesla announced Toledano joined Tesla in May 2017 as chief people officer.

In the latest in a string of recent out-of-character behavior, founder of billion dollar company Tesla, Elon Musk smoked weed during a live taping of a podcast.

"I'm not a regular smoker of weed", Musk, 47, said on the podcast before taking a puff from a joint Rogan said contained tobacco and weed, which is legal in California where the two conducted the interview.

The bond had tumbled earlier this week as Musk renewed an attack on a British caver whom he had previously insulted on social media a day after Mercedes-Benz unveiled a challenge to the electric vehicle maker. "We think this is further evidence that the time is now for management and the Board to address these issues", Albertine said.

Coupled with an upfront cost of 21 percent of insured value, it now costs an investor around $280,000 to insure $1 million of Tesla debt for a year. A Tesla spokesperson was not immediately available for comment.

Related News:



Most liked

Tesla stock falls as CEO appears to smoke marijuana on video
The Model 3 starts at $35,000, although the cheapest one that can be purchased at present costs $49,000. Later Musk says he doesn't notice any effect from the joint, which he claims he rarely smokes.

Post Malone crashes his $323k worth rolls Royce
Finally, the small jet landed safely at New York's Stewart Airport where fire trucks and ambulances had been waiting on the scene. Flight trackers showed the plane circling over CT shortly after 1pm before making its way towards the NY airport just before 3pm.

Blood-testing company Theranos will dissolve, pay creditors
The gizmo that the company invented to collect the blood samples, the "nanotainer", would be sent to Theranos's own laboratories. Theranos hit its commercial peak in 2013-14, amassing a $10 billion (£7.7 billion) valuation.

Rapper Mac Miller has died at 26
Shortly after his vehicle accident and arrest that same month, Grande tweeted "pls take care of yourself". Miller was involved in a hit-and-run crash in May when his vehicle hit a utility pole.

Colin Kaepernick Watched Ad Debut From Nike HQ
Woods is a long-time Nike endorser who started with the company on the day he turned professional in 1996. Open champ, said the biggest victor might be the publicity sparked for Nike .

Ex-Trump campaign adviser sentenced to 14 days in prison
"In January 2017, I made a awful mistake for which I paid dearly, I am ashamed", Papadopoulos had told the court in Washington. But the tweet illustrated how closely the President and his team were following the sentencing hearing today in Washington.

Tiger Woods has dead aim in shooting 8-under, 62
Two of his birdies came on the par-5s, and another at the par-4 11th where he knocked an approach shot from 95 yards to 2 feet. Jordan Spieth , the third member of the star-studded group, was even through 11 holes.

Who Was Jalaluddin Haqqani?
Haqqani was one of the senior Mujahideen commanders during the 1979-89 occupation of Afghanistan by the erstwhile Soviet Union. Mawlawi Jalaluddin Haqqani, the man behind the rise of the dreaded militant organisation had been ill and bedridden for years.

Thibaut Courtois takes a swipe at his former Chelsea team-mates
After a disappointing league campaign under Antonio Conte last term, Chelsea have been relegated to the Europa League this season. "I hope it's a lesson for us to fight this year and compete for the Premier League and qualify for the Champions League".

United Kingdom names two Russians for attempted murder of Skripals with nerve agent
Police said the two men then applied the poison to Skripal's door and flew back to Russian Federation just hours later. Basu noted that traces of Novichok contamination were found in the London hotel room where the two men had stayed.

India's top court decriminalizes homosexual acts
One man told me that he was still not open about his sexuality to his parents but today's judgment had inspired him to come out. He said, "We have to vanquish prejudice, embrace inclusion, and ensure equal rights", according to LiveLaw.

Former Republican Senator Jon Kyl To Fill John McCain's Arizona Seat
Jon Kyl, shortly before he retired from the Senate. "There is no one more qualified and Arizona is well served", Flake tweeted. Debbie Lesko (R-Ariz.) said in a statement , "Governor Ducey today made an excellent choice in Jon Kyl to return to the U.S.

One dead in Kolkata's Majherhat bridge collapse; 31 admitted to hospital
Indian commuters onlookers stand on a segment of Majerhat bridge after the bridge suddenty collapsed in Kolkata, Sep 4 , 2018. The area has several under-construction buildings nearby. "Rest of the investigation will be done later", Banerjee said.

Tropical Storm Gordon strengthens, churns toward U.S. Gulf Coast
The Mississippi cities of Gulfport, Biloxi and Long Beach ordered mandatory evacuations of their harbors and marinas, and the U.S. Tropical Storm Warnings are in effect for southeast Louisiana, and Hurricane Warnings are in effect for coastal MS and Alabama.

Damning new book depicts 'crazytown' Trump White House
Woodward goes through a lengthy list of enemies that Trump's continued to make within his own administration. 'He's an idiot. When he learned about Mueller's appointment to lead the probe, Trump complained, "Everybody's trying to get me".