Tesla's Shares Fall 7% Amid Executive Departures and Elon Musk's Smokey Interview

Tesla's Shares Fall 7% Amid Executive Departures and Elon Musk's Smokey Interview

Tesla's Shares Fall 7% Amid Executive Departures and Elon Musk's Smokey Interview

Many have taken to social media to share their thoughts, opinions, and jokes on Musk's new recreational activities, with many feeling like "there's nothing wrong with" it.

Separately, Musk touted the company's overall progress on Friday. "Especially in light of what he's going through right now, from an optics perspective, I think those are the times you need to kind of hunker down and play a little bit of defence and not give any more to the naysayers". Musk has defended the pressure-cooker atmosphere as necessary to preserve the company. At a normal company, we would be long past the point where the board would have taken drastic action.

Tesla CEO Elon Musk appeared to smoke marijuana briefly on camera during a podcast appearance, fueling critics who say that his behavior is becoming increasingly concerning and erratic. "I mean, it's legal, right?" he asked.

Proudly unconventional entrepreneur Elon Musk spent most of an online interview, streamed live Thursday night, pontificating and joking around with podcast host Joe Rogan, who showered him with adulation for his brilliance.

A source at the Air Force told CNBC that the military branch is looking into the interview, as drug use is prohibited for anyone possessing a security clearance. "I don't find that it is very good for productivity".

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

The developments, which brought new scrutiny of Musk's behavior and managerial fitness, rattled investors who have lately endured many challenges to their faith.

And the electric-car maker has been no stranger to controversy this summer: Musk came under fire in early August when he unexpectedly sent out a tweet saying he was considering taking Tesla private, and had the "funding secured".

The interview touched on one of Musk's favorite themes: ways to revolutionize transportation. His responsibilities could include the types of things analysts have said Musk needs a COO to do in running the day-to-day operations of the company.

Tesla reached that level in late June, but did so by working around the clock and hastily adding a third assembly line in a enormous tent outside its factory in Fremont, California - a measure that auto-manufacturing experts had never seen before.

"We're taking vast amounts of carbon from deep underground and putting this in the atmosphere - this is insane", Musk said, a reference to the consumption of fossil fuels around the world. "Electric cars are important". He also runs SpaceX, a rocket company that aims to make space travel far less expensive; The Boring Company, a tunnel digging company that's attempting to dig tunnels underneath Los Angeles for high-speed travel; and Neuralink, a technology company that's trying to create an interface between brains and computers.

"Maybe it will be successful, maybe it won't", Musk said. "Because they seem to put everything on the Internet, practically".

In a nutshell, things got too hectic and too loud.

"You want some of it?"

His venture Neuralink will have "something interesting" to announce in a few months that will be "an order of magnitude" ahead of what people now think is possible, he said.

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