Tesla stock falls as CEO appears to smoke marijuana on video

Elon Musk Tech pioneer

Elon Musk is stumbling from one controversy to another.

More seriously for Tesla, Musk startled investors for tweeting on August 7 that he planned to take the company private, only to suddenly reverse those plans weeks later. Rogan asked Musk, as he offered him the joint.

Shares of Tesla fell more than 6 per cent to reach a five-month low on Friday morning following the departure of the company's chief accounting officer, Dave Morton, who resigned less than a month into the job on Friday. Later, Tesla's eccentric CEO tweeted that he was negotiating the go-private deal with buyout firm Silver Lake, investment bank Goldman Sachs and several other firms, including the Saudi Arabian government.

"Defendant Musk artificially manipulated the price of Tesla securities with objectively false tweets in order to "burn" the company's short-sellers", Left said, stressing that Musk's actions violated federal securities laws.

CAO David Morton joined the team August 6 and provided notice of his immediate resignation September 4, according to a company 8-K filing.

The billionaire CEO said in a blog post that the funding wasn't secured and that most shareholders wanted Tesla to remain public.

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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", Morton wrote in his statement today.

The bond had tumbled earlier this week as Musk renewed an attack on a British caver whom he had previously insulted on social media a day after Mercedes-Benz unveiled a challenge to the electric auto maker.

Elon Musk took a drag on a spliff - weed mixed with tobacco - during a live interview on the "Joe Rogan Experience" podcast on Thursday. "We think this is further evidence that the time is now for management and the Board to address these issues", Albertine said.

Tesla was not immediately available for comment. The report, which was published by electric car-themed news site InsideEVs, estimated that the Tesla Model 3, Model S, and Model X, were the Top 3 electric cars in the United States in August.

Coupled with an upfront cost of 21 percent of insured value, it now costs an investor around $280,000 to insure $1 million of Tesla debt for a year.

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