Published: Sat, September 08, 2018
IT | By Darin Griffith

Tesla stock plunges after Elon Musk ‘smokes marijuana’ during web interview

Tesla stock plunges after Elon Musk ‘smokes marijuana’ during web interview

While on air with comedian Joe Rogan, Musk discussed various topics ranging from flamethrowers, social media, and the consequences of artificial intelligence.

"You probably can't [take a drag] because of stockholders, right?"

Rogan described it as marijuana inside tobacco, and asked if Musk had ever tried it.

Musk replied, "I mean it's legal, right?" before taking a drag. Both Rogan and Musk are based in California, which this year became the largest US state to legalize the recreational use of weed.

The departures extend an impressive period of churn among high-ranking Tesla staff.

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At the end of the show, Rogan asked Musk for concluding thoughts.

"A lot of people don't like humanity and think it is a blight, but I don't", Musk said.

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. Musk said, accepting a lit blunt from Rogan in the Los Angeles studio, where "The Joe Rogan Experience" is webcast live.

Tesla stock prices dipped more than 9.8%, near $253.75 during Friday (September 7) morning trading.

He said: "I think the future in where we are a space-faring civilisation out there among the stars, that is very exciting". This story was made possible by generous people like you.

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"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", the company quoted Morton as saying in a filing.

During the podcast interview, Musk, who is also the founder of the startup Boring Co., as well as Neuralink, said that running Tesla has been the hardest of his current projects.

As mentioned, the reasons for the stock dropping go beyond Musk smoking marijuana - including two Tesla executives resigning.

Tesla's stock and bond prices dropped on Wednesday - linked to the row over Musk's comments about Mr Unsworth but also following an unveiling by Mercedes that presents a challenge to the electric auto maker.

That may have provided some relief to those betting on the company's decline ー on Thursday, it was reported that prolific short seller Andrew Left of Citron Research was filing suit against Tesla and Musk for the now-infamous "funding secured" tweet in early August.

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