$4.3 BILLION Wiped Off Tesla Value After Elon Musk Smoked Pot On Joe Rogan
The 47-year-old billionaire discussed the dangers of AI and China spying on US
Following Elon Musk's appearance on Joe Rogan's podcast where he smoked marijuana and drank whiskey, a massive $4.3 Billion was instantly wiped off his company's value.
The 47-year-old billionaire appeared on the Joe Rogan Experience late on Thursday where he openly discussed the dangers of AI and the possibility China is spying on US citizens.
Hours after the appearance, Tesla's chief accounting officer Dave Morton resigned, citing 'public attention' on the company.
Shares have plummeted to nine percent, wiping $4.3 billion off the company's value.
Elon Musk Smoking Pot On Joe Rogan Instantly Wipes $4.3BILLION Of Tesla Value.
The appearance follows Musk's recent claim that the British diver who helped rescue young boys trapped in a flooded cave in Thailand was a pedophile.
The DM reports: Friday is also the last day for VP of Communications Sarah O'Brien and HR head Gabrielle Toledano, both of whom have been off work, on leave.
Toledano's departure was announced on Friday, while O'Brien announced her departure two weeks ago.
Tesla shares, down just one percent after Musk's appearance on the Rogan podcast, fell another seven percent in the half hour after the resignation of Chief Accounting Officer Dave Morton, and then to nine percent, before recovering slightly to down close to seven percent.
Morton gave notice on Tuesday that he was resigning, according to a filing on Friday.
'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 in the securities filing.
'As a result, this caused me to reconsider my future. I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla's leadership or its financial reporting.'
Before the news broke of his executive's departures, Musk, who has openly admitted to relying on sleeping pill Ambien, told Rogan on Thursday night that Tesla keeps him up at night, adding 'it's very difficult to keep a car company alive.'
Towards the end of the Joe Rogan Experience podcast, the host lit a 'cigar' rolled with both tobacco and marijuana - a drug which is legal in the state of California - and offered it to Musk.
'You probably can't do this because of stockholders, right?' Rogan asks Musk.
Musk, who earlier joked that mushrooms - both harmless fungi and a psychedelic drug - are 'delicious', clarified that the drug is legal, and was seen taking a puff on the joint before handing it back.
'I'm not a regular smoker of weed. Almost never,' he told Rogan.
'I don't actually notice any effect. I know a lot of people like weed, and that's fine, however, I don't find it's very good for productivity.'