Tesla chief accounting officer resigns after a month

Noel Cummings
September 11, 2018

Two weeks into his job as Tesla' head accountant, Morton determined neither Musk or other executives were interested in receiving his advice on going private and began to consider quitting the Palo Alto-based company.

(TSLA.O) has reached a fever pitch, with the news that two senior executives are leaving Elon Musk's electric-car maker emerging hours after he smoked marijuana during a podcast interview streamed live online.

His departure came as Tesla faces the prospect of a Securities and Exchange Commission investigation into Musk's aborted plan.

The company, hurt in the past month by Musk's high-profile U-turn on a deal to take it private, said Chief Accounting Officer Dave Morton resigned, citing discomfort with the level of public attention and pace. "As a result, this caused me to reconsider my future", Morton said in the filing.

The drug is legal in California, where Mr Musk was at the time and where Tesla has its headquarters.

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Shares of electric vehicle pioneer Tesla Inc.

Shares of Tesla fell as much as 10% amid the hazy cloud of headlines, marking yet another instance of the controversial Musk giving ammunition to his detractors in the interest of cultivating an offbeat public persona.

Last night Elon Musk, the billionaire inventor and electric auto innovator, was a guest on Joe Rogan's podcast.

Elon Musk sparked concern with shareholders after smoking marijuana live web show with U.S. comedian Joe Rogan late Thursday night while discussing a plethora of random subjects, including artificial, flame throwers and social media.

"We decided to make it real and dig a tunnel under LA and then other people asked us to build tunnels, so we said yes", he said.

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Last night Elon Musk , the billionaire inventor and electric auto innovator, was a guest on Joe Rogan's podcast . Later Musk says he doesn't notice any effect from the joint, which he claims he rarely smokes.


His responsibilities could include the types of things analysts have said Musk needs a COO to do in running the day-to-day operations of the company. While Musk deleted the original tweets, BBC News reports Musk appeared to renew the allegation in an August 28 tweet.

"C'mon, man. You probably can't because of stockholders, right?" The smoke session caught lots of attention on social media Thursday night, and rattled some Tesla investors early Friday morning.

James Albertine, an analyst at Consumer Edge, said it had previously called for a co-chief executive or chief operating officer to help balance the leadership structure.

Especially freaky moments involving the Tesla chief of late include disparaging remarks about Vernon Unsworth, a Briton who helped save boys trapped in a Thai cave and the abrupt shutdown of Wall Street analyst's questions during a contentious earnings conference call.

Speaking of the what lies ahead, Musk said being forever constrained to Earth would not be a good future.

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Tesla has long faced frequent executive turnover as the company faces intense pressure to succeed.

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