Tesla in turmoil: Stock plunges after executive shakeup

Another day at Tesla Execs depart Musk invites controversy

Tesla chief Elon Musk smokes marijuana on live web show

After Musk announced August 7 that he meant to take Tesla private at $420 a share, there was speculation that the billionaire was referring to marijuana when he tweeted because "420" is a coded reference for marijuana.

Oh, and they also smoked a blunt together and threw back some whiskey! Around the two-hour and 10-minute mark, Rogan pulls out a blunt, a mixture of marijuana and tobacco inside of a cigar wrapper, to show off a decorative holder.

Media reports that the U.S. Air Force is reviewing the security clearance of Elon Musk, the chief executive of automaker Tesla Inc are inaccurate, U.S. Air Force spokesperson Captain Hope Cronin said on Friday. Musk, when offered a hit by Rogan, asked, "It's legal right?" before opting to take a puff.

"Since I joined Tesla on August 6, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations", Morton said on Friday in a statement included in a filling with the US Securities and Exchange Commission.

Just another installment in the extraordinary saga of Elon Musk, the billionaire leader of two major companies that are trying to change the world.

The turmoil followed a chaotic month which saw Musk propose and then abruptly call off a plan to take the company private. Musk's critics have said that his bitter feuds with journalists, employees, rivals and others have interfered with Tesla's mission to transform the auto industry. Morton worked for the company for only a month. He was the latest in a long list of executive to have left the carmaker over the past two years as it strives to expand output, deal with production snags and generate profit.

Shares came under pressure at the opening following the Musk online interview and news that chief accounting officer Dave Morton was leaving only a month on the job, citing the company's frenetic pace.

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Recreational marijuana use is legal under California law, but federal law still considers it a crime.

Tesla's $1.8 billion junk bond maturing in August 2025 plunged as much as 4 cents on the dollar to below 82 cents, a record low, in Friday trading, pushing the yield above 8.8 percent.

The chief executive officer filled the voids left by departing heads of human resources and communications and elevated Jerome Guillen to president of automotive operations.

Earlier this week, he escalated his attacks on Vernon Unsworth, the British cave diver he accused of being a paedophile, calling him a "child rapist" in an email to a Buzzfeed reporter.

Tesla representatives were not immediately available for comment Friday morning.

And all of this would probably be just background noise if Elon Musk hadn't put Tesla in this position of total scrutiny in the first place.

Mr Unsworth, from St Albans in Hertfordshire, is now reportedly planning to sue Musk for what his lawyer called his "ongoing campaign of publishing vile and false accusations".

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