Elon smokes a joint as stocks slide


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.

Shares were trading at about $360 and the bonds yielding about 7% before Mr. Musk's August 7 statement on Twitter that he had secured funding to take the company private at a price of $420 a share.

He said: I think the future in where we are a space-faring civilisation out there among the stars, that is very exciting. He said he has no disagreements with Tesla's leadership or its financial reporting.

That followed a twitter storm overnight about Musk smoking marijuana and drinking whisky in a 2-1/2-hour live web show with comedian Joe Rogan.

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Munster said that while there may be more "upside" to Tesla, Musk's actions are hurting. "I don't actually notice any effect ..."

Musk talked in a New York Times interview last month about the stress that Tesla is putting on him personally as he works 120 hours a week, sleeping at the factory, cut off from family and friends. But Tesla has said that the departures are at a rate typical of any large company. Rogan passes the joint to Musk, who also takes a sip of whiskey.

Musk's behaviour has raised concerns about his leadership and several Wall Street analysts have called for the company to appoint a strong deputy to prop up Tesla's operations and standing with investors. Musk wondered if horses ever got freaked out when they had to haul dead horses away in the horse and buggy days, and Rogan asked Musk to interpret a dream he had about "a million Teslas".

Musk did not directly address the suit during the Rogan sit-down.

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Dartmouth College professor of corporate communication Paul Argenti said the latest controversy involving Mr Musk was not surprising.

Over the course of the interview the men discussed a variety of topics including: the future of humanity and artificial intelligence, Tesla, SpaceX, Musk's controversial merchandising decision to produce 20,0000 flamethrowers at $500 a pop, human kindness and love. The Palo Alto, California-based company faces concerns about its limited cash balance, maturing debt and struggle to steadily build high volumes of the Model 3 sedan, the first electric vehicle that Musk has attempted to mass-manufacture. Since the start of the year, 41 executives have left, according to CNBC. Left argued that the CEO committed stock manipulation and securities fraud ー shares immediately soared after that post, but have since fallen more than 30 percent.

Although he later announced that Tesla would remain a publicly traded company to appease shareholders, that tweet spurred the U.S. Securities and Exchange Commission to launch an investigation into the veracity of Musk's statement.

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