Tesla shares were volatile Friday morning amid a flawless storm of chaotic news for the embattled electric carmaker.
That interview - coupled with the abrupt departure of the company's chief accounting officer - pushed Tesla's stock further into the red on Friday, with it falling more than 6 percent to $262.28 per share. No, I am not talking about the Lunatic in Chief in Washington - I am talking about Elon Musk, evangelist for a zero-emissions, clean energy future. In the past, some have argued quite cogently that professional managers have done a piss poor job of running vehicle companies, so why should we expect anything different if an independent CEO were installed at Tesla?
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.
Fox Business Network's Charlie Gasparino tweeted Friday that the Air Force "is looking into Elon Musk's pot-smoking", which is prohibited by anyone who has a government security clearance. Tesla's head of Human Services, Gabrielle Toledano, is also taking her leave, Bloomberg said.
Elon Musk took a drag on a fat joint while being interviewed on the "Joe Rogan Experience" podcast on Thursday.
The spot on one of the most popular podcasts in the U.S. marks Musk's first appearance on a public forum since he stunned the financial world last month with his short-lived effort to take Tesla private. In an Instagram post from the August weekend spent at Musk's residence, Banks claimed the Tesla CEO had taken LSD.
"At times, Musk appears to be working against himself", analyst Munster wrote. Morton saw an opportunity to work with a visionary such as Musk and make life easier for him by helping with some of the necessary housekeeping, according to people familiar with Morton's thinking.
During their conversation, Mr Musk talked about his health and his management of Tesla - which he said was the most challenging of his various businesses and projects. Musk was forced to abandon the plan a couple of weeks later. "As a result, this caused me to reconsider my future", Morton said in the filing. The price dipped as low as $254.02 before rebounding to the $260-$270 range at midday.
Morton - who did not respond to a request for comment - joined Tesla last month from Seagate Technology where he served as a VP for two decades and CFO for nearly three years.
His comments came as Musk drew questions of late over his leadership and demeanor.