Elon Musk's Tesla tumbles as two execs announce exit

Elon Musk speaks during the National Governors Association Summer Meeting in Providence Rhode Island U.S

Elon Musk speaks during the National Governors Association Summer Meeting in Providence Rhode Island U.S

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.

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