Tesla shares dropped the most in two years on Friday, rocked by the departure of its accounting chief after just a month and mounting investor concerns about Chief Executive Elon Musk’s behavior after he smoked marijuana on a live webcast. Zachary Goelman reports.
Shares were still down more than five percent in mid-day trading.
47-year-old Musk on Thursday appeared on a video podcast hosted by comedian Joe Rogan, where they talked artificial intelligence, flame-throwers, and social media.
Rogan handed Musk a joint, which he said was a blend of tobacco and marijuana legal in California.
Musk took a hit, and told Rogan, “I’m not a regular smoker of weed… I don’t actually notice any effect… I don’t find that it is very good for productivity.”
The nonchalant drug use comes after the CEO stunned shareholders by announcing a plan to take the company private for $420 a share, a plan he was quickly forced to abandon.
But the firm’s chief accounting officer announced he’d resigned earlier this week after less than a month on the job.
But he said he believed strongly in the company and had no disagreements with its leadership.