Tesla shares sink after key executives exit


Shares of electric auto maker Tesla Inc. tumbled about 7 percent as the markets opened Friday after the CEO appeared to smoke marijuana during an interview and the company's accounting chief left after a month on the job.

The billionaire spent two and a half hours on a podcast discussing everything from artificial intelligence and its impact on humankind to flamethrowers and social media.

Oh, and they also smoked a blunt together and threw back some whiskey!

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Later on in the show, Musk declared, "I'm getting text messages from friends saying, 'What the hell are you doing smoking weed?'..." "He jested "'You probably can't do this because of stockholders, right?".

Musk has come under heavy pressure in recent weeks over his botched attempt to take Tesla private and his erratic behavior.

At one point, Musk described the constant barrage of ideas in his mind as being "like a "never-ending explosion", and said he wondered as a young boy whether he might be insane because it didn't seem to happen to other people. These things are much more important than creating electric supersonic VTOL", he said.

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Earlier in the day, Reuters reported the prominent short-seller Andrew Left has sued Tesla and Musk, saying Musk fraudulently engineered his since-abandoned plan to take Tesla private to "burn" investors hoping the electric auto company's stock price would fall. After considering it for about 3-4 seconds, Elon Musk says "I mean it's legal, right?" and takes it for a little puff himself. "I know a lot of people like weed and that's fine, but I don't think it's very good for productivity". But Musk also said this isn't really a priority, and he also dismissed the concept of a flying auto as impractical.

"It's like a cup of coffee in reverse", he added.

Some Wall Street analysts called again for the company to appoint another senior leader for the company to take the pressure off Musk, or rein in his control. They both giggled and Musk said, "That would be great".

Musk later brightened and said, "This may sound corny, but love is the answer".

"As a result, this caused me to reconsider my future".

"If you get one of those toy drones and imagine it's 1,000 times heavier - that's not going to make your neighbors happy", he explained.