Tesla shares tumble after Elon Musk smokes weed on comedian live webcast

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The controversial SpaceX and Tesla billionaire smoked a joint during a wide-ranging two and a half hour chat Joe Rogan Experience comedy podcast, which covered everything from artificial intelligence and its impact on humankind to flame throwers and social media.

Shares of Tesla Motors tumbled Friday as investors were rattled by the departures of two executives and a late-night interview in which chief executive Elon Musk was seen smoking marijuana. Tesla's chief accounting officer, Dave Morton, said he was leaving the company after considering the level of attention Tesla has received and the "pace within the company".

Mr Musk has said the company is producing more than 5,000 Model 3 electric cars per week, and cash generated from the sales will bring sustained quarterly profits.

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

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Tesla shares fell as much as 10% to $252.25 as of 9.46am in NY, the steepest intra-day drop since June 2016. That said, his experience was probably not a good fit for the electric auto maker's startup culture, which is characterized by its flat organizational structure and its fast pace.

"Yeah, I think I tried one once", Musk replied. He also sipped on whiskey during the interview.

Tesla's newly hired chief accounting officer abruptly resigned on Tuesday, the company has disclosed in a filing with the Securities and Exchange Commission.

Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo, September 8, 2014. Musk's original tweet was deleted, but he's revived the unsupported claim multiple times. "As a result, this caused me to reconsider my future".

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His brother Kimbal Musk told the newspaper that the reason Mr Musk "seems to attract drama" is because he is "so transparent, so open, in a way that can come back to bite him".

Morton, who is walking away from a $350,000 base salary and a $10 million new-hire stock grant that would vest over four years, said he believes "strongly" in Tesla and that he had no disagreements with the company's leadership or its financial reporting.

Meanwhile, shareholder activist and short-seller Andrew E. Left sued Tesla and Musk on Thursday, alleging that Musk "artificially manipulated the price of Tesla securities with objectively false tweets in order to "burn" the Company's short-sellers".

The spot on one of the most popular podcasts in the USA marks Musk's first appearance in a public forum since he stunned the financial world last month with his short-lived effort to take Tesla private. On AI, Musk said he would be announcing in a few months a "neurolink" that connects humans with machines.

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It's not clear whether the reshuffling of executives goes quite that far, but it does address a vacuum that had been developing at the top of the company as several top executives have recently left.

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