DealBook Briefing: Elon Musk Smoked Weed On Air



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Investors do not worry about Elon Musk's drug use. He does not.

The Tesla chief made a first appearance of an attempt to take the carmaker private. Overnight, on nearly three hours live on "The Joe Rogan Experience," a popular podcast, he mused on A.I. and contemplated the end of the universe. He also drank whiskey and took a drag from a tobacco-and-marijuana joint. (He was in California, so that was legal.)

Mr. Musk will probably be in touch with you. "I got text messages from friends asking," What are you doing smoking weed? "He told Mr. Rogan during the show.

In fact, he may have raised more questions. One, given that he says he sometimes works 120 hours a week, is where he found the time to make this appearance.

Mr. Musk, who has talked to you about Ambien to sleep, was also asked about it. "It's hard to run companies, especially companies," he replied. "He has told the NYT that the task can be" excruciating. "Stunts like this may not ease the pressure.

Trump tweets are not sinking stocks anymore

President Trump has made a habit of attacking well-known public corporations, including Amazon, Harley-Davidson and Google. Peter Eavis goal of DealBook finds that Wall Street is learning to live with that:

A look back at the time of critical presidential tweets, and their effect on the prices, suggests that investors are shrugging off Mr. Trump's broadsides. The stocks of targeted companies typically recover, and there is little, if any, discernible harm done to their business.

What you think of Big Tech's government

On Tuesday, we asked for your thoughts on how to be a patriotic company when you vehemently disagree with your nation's leader. Here's what some of you told us:

Don Champagne: "I'm a 75-year old Vietnam-era veteran, so it is perhaps not surprising that I am appalled that Silicon Valley employees objected to doing A.I. work for the government. But, I am not surprised. I think we encourage selfishness and ignorance of the government when we discontinued the military draft. "

Paul Bishop: "The Tech Sr. Mgmt. and employees in general have to take the long view, and do what is in the long term best interests of this Country. The outside forces that contrasted us, would cheer wildly if they thought they had neutralized tech so easily. "

Norma P. Munn: "I also question the belief that innovation is best served by a partnership between technology and government, especially when the partnership is with any aspect of the military or security entities. There is simply too much secrecy. Innovation thrives on an open exchange of ideas and a wide exploration of questions. "

Revolving door

Tidjane Thiam, Credit Suisse's C.E.O., denied that he would leave the bank to run for president in Ivory Coast.

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