Tesla stock sinks after Musk podcast appearance, executive exits

Tesla stock sinks after Musk podcast appearance, executive exits 2

Shares of Tesla plunged more than 9 percent Friday after news of a pair of C-suite executive resignations and a bizarre video showing CEO Elon Musk smoking pot on a podcast.

The stock opened Friday’s session at $260.10, extending a painful week for the automaker. As of Thursday’s close, the stock had already lost 7 percent on the week.

Late Thursday, Musk smoked marijuana and sipped whiskey during an appearance on Joe Rogan’s podcast — fueling concerns about his recreational drug use.

Friday morning, the company revealed its chief accounting officer, Dave Morton, had resigned as of Tuesday, citing intense public attention. He had been at the company for only one month.

The company’s HR chief, Gaby Toledano, is also leaving the company, Bloomberg reported Friday. Toledano had been on leave since before the electric car maker was rocked by messy take-private conversations and potential SEC probes, Bloomberg previously reported, and she will not return from leave. A spokesperson for Tesla did not immediately return request for comment regarding Toledano’s standing at the company.

Friday is also the last day at the company for Sarah O’Brien, Tesla’s vice president of communications, per a planned departure.

Friday’s plunge puts Tesla stock more than 30 percent off its all-time intraday high of $389.61.

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