Elon Musk's Tesla tumbles as two execs announce exit

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

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

CEO Elon Musk now says that most of Tesla's shareholders believe it's better off in private hands Elon Musk said investors have convinced him not to make Tesla a private company (Brian Lawless/PA) Tesla CEO and Chairman Elon Musk unveiling the Roadster 2 during a presentation in Hawthorne, California previous year, the billionaire's tweet has sparked debate over the electric vehicle maker's future.

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 resignations came just hours after the firm's controversial chief executive Mr Musk smoked marijuana live on the web during a podcast with comedian Joe Rogan.

If such a system is connected to your vehicle, it could calculate when you'll be home and start the air conditioning at the optimal time to save energy, Musk said.

Elon Musk talked about a "never-ending explosion" of ideas that constantly runs through his brain on the show. 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.

Musk took the already-lit blunt from Rogan and had one puff, but it appears that he did not inhale, meaning he likely did not feel the effects of marijuana. "This caused me to reconsider my future".

Morton, a former chief financial officer for computer-drive maker Seagate Technology Plc, joined Tesla one day before Musk tweeted that he was considering buying out some investors at $420 a share and taking the company private.

The company announced the departure in a regulatory filing. Musk said. "Totally legal", Rogan said.

The reactions online to Thursday night's podcast included Guardian reporter Julia Carrie Wong tweeting, "I've lost it", while tracking the interview. As a result, Tesla stock is down almost five percent on Friday morning.

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

Shares of the electric carmaker tumbled as much as 10 percent on Friday, with investors on edge after a tumultuous August during which Musk proposed and then abruptly pulled the plug on a go-private deal.

San Francisco - Tesla founder Elon Musk sipped whiskey and puffed a little weed while musing at length about artificial intelligence, colonizing space, and the need to give love a chance.

Recommended News

  • Burt Reynolds Dead: Veteran Actor Dies At 82

    Burt Reynolds Dead: Veteran Actor Dies At 82

    Actor Burt Reynolds , who played good ol' boys and rugged action heroes in an acting career that spanned seven decades, has died. However, it's the roles that Burt Reynolds turned down during the height of his fame that might be more noteworthy.
    Trump criticizes A.G. Sessions for charges against Rep. Collins

    Trump criticizes A.G. Sessions for charges against Rep. Collins

    The president cited what he called "Obama era investigations" just before midterm elections and that "two easy wins now in doubt". Mueller is now leading the investigation into Russian interference in the 2016 election.
    Ian Wright: Marcus Rashford should consider leaving Manchester United

    Ian Wright: Marcus Rashford should consider leaving Manchester United

    United could ill afford the pressure to ratchet up any higher heading into the global break after chastening back-to-back defeats against Brighton and Tottenham .
  • Democrat Pressley shocks 20-year incumbent

    Democrat Pressley shocks 20-year incumbent

    A 10-term incumbent congressman in MA conceded to a progressive candidate during the state's Democratic primaries Tuesday night. Other progressive candidates, including Cimbrelo, ha hoped to pull a Ocasio-Cortez-style upset Tuesday night.
    Meghan Markle gave his first interview after marriage

    Meghan Markle gave his first interview after marriage

    In another world, perhaps-as Prince Harry proved when he briefly broke into song following a performance of Hamilton in London. And this is not all, since Meghan Markle has also managed to improve the diet of prince Harry! .
    Apple iPhone XS image in gold colour leaked online once again

    Apple iPhone XS image in gold colour leaked online once again

    It remains to wait for the final release of a new line of smart watches, however, it is unknown when it will take place. Because of this, the company has set up a replacement program that offers to fix eligible units free of charge.
  • Tropical Storm Gordon Batters South Florida

    Tropical Storm Gordon Batters South Florida

    At the moment the biggest concern would be the heavy rain threat on the eastern side of the storm leading to flash flooding. Florence was moving toward the west-northwest near 16 miles per hour and maximum sustained winds of 65 miles per hour .
    Google Chrome turns 10, gets Material overhaul - Software

    Google Chrome turns 10, gets Material overhaul - Software

    Lastly, Google Chrome can now automatically generate password suggestions so you don't have to come up with your own passwords. Google VP for Product Management Rahul Roy-Chowdhury shares the things they are cooking up in the Chrome kitchen.
    Aretha Franklin's Sons Will Likely Take Years Dividing Her Assets

    Aretha Franklin's Sons Will Likely Take Years Dividing Her Assets

    On Thursday, the scene shifted to New Bethel Baptist Church, which for many years was pastored by Franklin's father, the Rev. Long lines, he said, for "the death of the icons and short lines for voting". "She worked her can off to get where she was".
  • Justice Department looks into social media firms over free speech

    Justice Department looks into social media firms over free speech

    Google did release written "testimony" from Walker ahead of the hearing, even though he was not expected to appear. The other executive is chief legal officer and senior vice president of global affairs Kent Walker.
    Meghan meets seriously ill children with Prince Harry, wearing bold trouser suit

    Meghan meets seriously ill children with Prince Harry, wearing bold trouser suit

    Realising her mistake, Meghan bashfully smiled and put her hand to her heart - much to the amusement of those around her. A never-before-seen photo of Meghan Markle watching TV with her goddaughter has been unearthed on social media.
    Stolen Ruby Slippers Are Recovered After 'Extortion Plot,' FBI Says

    Stolen Ruby Slippers Are Recovered After 'Extortion Plot,' FBI Says

    A fan offered a $1 million reward for a short period before the 10-year anniversary of the robbery, but no-one came forward. Toward the end of the movie, Glinda the Good Witch revealed to Dorothy that her magic slippers could take her back home.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.