Posted on 09/07/2018 2:01:45 PM PDT by 2ndDivisionVet
Musk calls the Guardian the world’s ‘most insufferable newspaper’, as two senior executives quit Tesla as market value falls 6%
Tesla shares crashed 6% on Friday as two of its senior executives quit, just hours after the electric carmaker’s chief executive Elon Musk sparked concern by smoking marijuana on a live web show.
The company’s head of accounting, Dave Morton, and head of human resources, Gaby Toledano, said they were leaving the company, which has been placed at the centre of a string of controversies by its maverick CEO.
Morton, who joined the company just one month ago, said he was leaving because “the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations”.
“This caused me to reconsider my future. 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.”
Morton joined the company one day before Musk tweeted that he was considering taking the company private with “funding secured”. The plan was abandoned 17 days later, but not after drawing a subpoena from the Securities and Exchange Commission and a series of lawsuits alleging market manipulation....
(Excerpt) Read more at theguardian.com ...
Who shorted the stock before the interview, that’s what I want to know.
Musk may have gone a bit kooky but 6.7% isn’t really a “crash.”
Me if I’d have known about it.
Possibly because of existing or future DOD rocket contracts?
CC
If he has a DoD clearance it will be problematic for his site FSO and corp HR to publicly burn a spliff.
Congress: Who do we want to launch human astronauts and highly-classified spy-satellites?
Guy in the cloud of marijuana smoke: “Pick me! Pick me!”
Is he deliberately trying to drive down Tesla’s stock price?
What are Tesla and Spacex’s drug policies?
Gut check time for the FSO, for sure! “Hey, ummm...Boss? Can I get about 5 minutes on your calendar to SUSPEND YOUR SECURITY CLEARANCE?”
Hey, the Mary Jane is just recreational. Doesn’t affect his judgment a darned bit. < /sarcasm >
Bingo! We have a winner. Of course he’s doing it on purpose so he can buy the company out at a cheaper price.
Doesn’t even register on the Fibbonaci retracement scale. Ten percent is a correction, 6.7 percent is a crash.
Federal contracts require all drug free work zones and policies. However Elon just needs to find some sympathetic Judge in SF to file an injunction against the Feds if they come after him. Just like the police grants...
Yes
“If he has a DoD clearance it will be problematic for his site FSO and corp HR to publicly burn a spliff.”
I wonder how many people on here know what an FSO is? (I do; used to be one.)
Nike's stock went down 3.2% in response to the Kaepernick thing.
The news story showed him taking a draw on the joint but not really inhaling the smoke, much like Bill Clinton claimed.
I'm sorry Guardian, the word "maverick" is retired. Holy Perpetual Hero John McCain is the Ultimate Maverick and none shall supersede him. This is your only warning.
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