As much as £3.8bn wiped off value of Tesla after two executives quit and boss Elon Musk shown smoking what appeared to be marijuana
As much as £3.8 billion was wiped off the value of Tesla after two executives quit and boss Elon Musk was shown smoking what appeared to be marijuana on a live podcast.
The billionaire’s fitness to run his company was questioned when he was filmed apparently taking a drag from a joint during a two-hour long interview with comedian and commentator Joe Rogan.
Recreational marijuana is legal in California, but Musk had previously dismissed questions about whether he used the drug.
Down in the mouth: Elon Musk’s fitness to run his company was questioned when he was filmed apparently taking a drag from a joint
Just hours later Tesla was rocked again as human resources boss Gabrielle Toledano and accounting chief Dave Morton left. It prompted the worst day for the stock in more than two years, with shares plunging by as much as 9.6 per cent.
The turmoil followed a chaotic month which saw Musk propose and then abruptly call off a plan to take the company private.
CNBC reported Morton, 46, who had only been at Tesla a month, left because he felt his concerns about Musk’s plans to take Tesla private were being ignored. Within an hour of Morton’s exit being confirmed, Toledano said she would not return from a leave of absence.
Shares shot up after Musk’s buyout tweets. However, they have since fallen by 26 per cent.