More trouble for Tesla after executives resign

More trouble for Tesla after executives resign

Elon Musk made a series of internal promotions to rebuild Tesla Inc.'s senior management team and downplayed media coverage of the electric-car maker, assuring employees that production and deliveries are surging.

"I don't think people would like it that much", he said in the interview. "I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla's leadership or its financial reporting".

The other big exit is Tesla's head of human resources, Gabrielle Toledano, who according to Bloomberg, has been on a leave of absence and will not be returning to the company.

The promotions follow what have been a tumultuous few weeks for Musk, an increasingly mercurial chief executive who got himself into some hot water last month with a proposal to take Tesla private.

Futurist Elon Musk's samurai-sword wielding, blunt-smoking appearance on Joe Rogan's podcast is under investigation by the U.S. Air Force.

Towards the end, Rogan lit what he described as a joint containing tobacco and cannabis - which is legal in California - and offered it to Musk.

Ex-Trump campaign adviser sentenced to 14 days in prison
He told the US District Court in Washington DC: "I made a bad mistake for which I paid dearly and I am terribly ashamed". He apologised for his actions, telling a judge that he had made a "dreadful mistake" and was eager for redemption.

Musk said Tesla is about to build and deliver more than twice as many cars as it did last quarter, without being specific about whether the company would accomplish this feat in the third or fourth quarter. Musk asked Rogan to which he responded, "Totally legal". As of midday Friday, more than 1.5 million users had checked out his chat with Musk.

Musk, 47, who has repeatedly accused a British diver of being a paedophile, spent two-and-half hours on the streamed podcast late on Thursday discussing everything from artificial intelligence and its impact on humankind to flame throwers and social media.

In a corporate filing with the Securities and Exchange Commission on Friday, Morton explained his reasons for leaving effective September 4. Musk brazenly declared that he had funding in the neighborhood of $50 billion Dollars from unnamed sources secured and ready to take the company private. Morton worked for the company for only a month.

How the company fares in the debt market is important because it faces looming cash needs and has shown reluctance in recent years to issue new shares, as opposed to various types of bonds.

Musk, seemingly referencing former president Bill Clinton, went to Twitter to say that to say, "remember, I did not inhale".

Nonetheless, Tesla shareholders were not amused to see yet another impulsive act from the CEO, and shares dropped by 9% before closing down 6%. The SEC is investigating the circumstances surrounding the tweet; no evidence that funding had been secured was ever put forth by Musk or Tesla.

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