Tesla shares plunge over Musk jitters

Tesla Inc's shares dropped the most in two years on Friday, rocked by the departure of its accounting chief after just a month and mounting investor concerns about chief executive Elon Musk's behaviour after he smoked marijuana on a live webcast.

By Reuters in London
  • Published 8.09.18
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London: Tesla Inc's shares dropped the most in two years on Friday, rocked by the departure of its accounting chief after just a month and mounting investor concerns about chief executive Elon Musk's behaviour after he smoked marijuana on a live webcast.

Investors in the electric carmaker are on edge after a tumultuous August, during which Musk proposed and then abruptly pulled the plug on a go-private deal. Tesla said chief accounting officer Dave Morton resigned because of discomfort with the public attention and pace of work.

Morton, whose departure comes after the US Securities and Exchange Commission opened an inquiry into Musk's aborted plan, joins a list of executives who have left Tesla recently.

Bloomberg also reported on Friday that chief people officer Gaby Toledano would not return from a leave of absence just over a year after joining.

Even before Musk's surprise August 7 Twitter disclosure, Tesla had been under scrutiny from investors.