Elon smokes a joint as stocks slide

 

TESLA's Elon Musk provoked another Twitterstorm on Friday by briefly smoking marijuana on a live web show with comedian Joe Rogan.

According to the New York Post, Musk, 47, spent two and a half hours on a podcast late Thursday discussing everything from artificial intelligence and its impact on humankind to flame throwers and social media.

Taking a puff from a joint - which Rogan said was a blend of tobacco and marijuana and legal in California - Musk said he "almost never" smoked.

"I'm not a regular smoker of weed," Musk said. "I don't actually notice any effect … I don't find that it is very good for productivity."

Tesla was not immediately available for comment - but investors apparently weren't giddy over the Musk toke.

Shares of Tesla dropped 8.2 per cent in pre-market trading, to $258.40.

The smoking session was just the latest in a series of recent bizarre acts by Musk.

Musk stunned investors a month back with tweets saying he had funding to take the company private for $420 (A$589 ) per share.

He then backed off from his plan, saying Tesla was better off as a public company.

He followed it up with fresh attacks on British cave diver Vernon Unsworth.

BuzzFeed News reported earlier in the week that Musk, in an email to the news site, called Mr Unsworth a "child rapist."

Musk apologised to Mr Unsworth in July for similar insults he made on Twitter following the rescue of a dozen Thai schoolboys and their football coach from a cave in Thailand.

The billionaire's behaviour has raised concerns about his leadership, and several Wall Street analysts have called for the company to appoint a strong No. 2 to prop up Tesla's operations and standing with investors.

His followers on Twitter went into a frenzy following the podcast.

Several followers questioned if it was against the company's policy, while others mocked the CEO's initial $420 bid, a number that has become code for marijuana.

"Elon getting high on weed and whiskey is the first reason to go long on $TSLA in a while.

He needs to relax a bit," a tweet by user @jkmcnk said.

Another user tweeted, "This guy is completely off the rails."

The online incident follows turmoil at Tesla Inc. this week as the news that two senior executives have decided to leave the electric-car making company.

Chief Accounting Officer Dave Morton gave his notice on Tuesday that he was resigning less than a month into the job, according to a Friday filing.

After Tesla's stock plunged, it declined further after Gabrielle Toledano, the head of human resources who's been on a leave of absence, told Bloomberg News that she won't rejoin the company.

 

-With the New York Post.



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