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Tesla shares fell on Friday after two executives announced their departure from the company and a video of chief executive Elon Musk smoking grass and drinking whiskey on a popular podcast began circulating on social networks.
Musk smoked marijuana with comedian Joe Rogan at the end of a two-and-a-half hour interview on "The Joe Rogan Experience, "which included extensive discussion of topics such as artificial intelligence, Musk's technological ambitions and personal challenges.
After discussing the artistic and technical merits of wristwatches, Rogan brought out the truth by telling Musk that it was a mix of tobacco and marijuana. "Have you ever had that?" Rogan asked, noting that Musk probably did not smoke "because of the shareholders."
"I mean, it's legal, is not it?" Musk asked before taking a whiff. The show was held in California, where marijuana use for recreational purposes is legal.
The episode of the podcast arrived at a tumultuous time for Tesla and Musk. Last month, Musk alarmed shareholders, among other things, by announcing on Twitter that an agreement to take Tesla privately was almost certain, only to abandon the plan 17 days later. The sudden reversal of the surprising proposal still leaves Tesla facing federal investigations, shareholder lawsuits and whistleblower complaints triggered by the initial announcement.
Musk also acknowledged that his intense workload of 120 hours a week was impacting his physical health, according to a moving New York Times interview last month. Musk's detractors criticized his impulsiveness and his recent behavior. But even his relatives have expressed their concern. Musk told The Times: "I've had friends who are really worried."
On the day of the podcast, two leaders announced their resignation. Tesla's chief accounting officer, Dave Morton, said he was leaving after reviewing the level of attention that Tesla had received and the "pace within the company."
"I want to make it clear that I strongly believe in Tesla, its mission and its future prospects, and that I do not disagree with Tesla's leadership or financial reporting," he said. .
Shortly after Morton's announcement, Bloomberg announced that Gabrielle Toledano, chief of staff at Tesla, would not return to the company after a holiday.
At least 48 executives left the company this year. But Tesla said that departures are at a pace typical of any large company.
Tesla did not immediately respond to a request for comment.
The company's shares fell about 7% at the beginning of the session.
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