Wednesday, 26 September, 2018


Tesla shares sink after key executives exit

Elon Musk Tech pioneer Elon Musk Tech pioneer
Melba Vasquez | 07 September, 2018, 22:43

The chief executive was appearing on The Joe Rogan Experience.

"I have a design for a plane", said Musk (partial transcript via The Verge), adding, "I've thought about this quite a lot, quite a lot".

After asking whether it was legal, Musk then took the joint and smoked it himself on camera. Musk responded with, "I mean it's legal, right?" When Rogan asked Musk if he had tried cannabis before, Musk stated that he thinks he "tried one once".

The pair were more than two hours into a conversation fuelled by Old Camp whiskey on ice, ranging from expensive cars and watches to the dangers of artificial intelligence, before Rogan pulled out the joint and lit up.

Tesla's head of human resources, Gabrielle Toledano, who is now on a leave of absence, told Bloomberg News Friday morning that she would not return to Tesla. Musk's original tweet was deleted, but he's revived the unsupported claim multiple times.

Shares of Tesla shares have declined more than $100 in the aftermath of the go-private dalliance.

Tesla's stock and bond prices dropped on Wednesday - linked to the row over Musk's comments about Mr Unsworth but also following an unveiling by Mercedes that presents a challenge to the electric auto maker.

Tesla's shares dropped to $252.25 earlier Friday morning, falling 10 percent, Bloomberg reported.

Elon Musk has never been a conventional CEO, but his behavior has seemed increasingly erratic in recent weeks.

Musk spoke to Rogan for more than 2 1/2 hours.

In the filing, now-former Tesla executive Dave Morton said that he was leaving because "the level of public attention placed on the company as well as the pace within the company have exceeded my expectations".

"I think people should be nicer to each other", he said.

According to the lawsuit, filed on Thursday in San Francisco federal court, false and misleading information, issued by Musk, harmed short-sellers and those believing Tesla's stock price would rise.

The podcast episode arrived at a tumultuous moment for Tesla and Musk.

Supporters say that Musk is a brilliant innovator and leader who has succeeded because specifically of his willingness to buck convention in an industry that's stuck in its ways.

Recommended

loading...
...
  • Jorginho loving Premier League, but hopes for Serie A return

    Jorginho loving Premier League, but hopes for Serie A return

    "Sarri was important to me, he has his habits and is working to change things, but he's doing well and the results speak for that".
    Shahid Kapoor along with daughter Misha visit hospital to meet Mira Rajput

    Shahid Kapoor along with daughter Misha visit hospital to meet Mira Rajput

    On the work front, Shahid is awaiting his upcoming film, Batti Gul Meter Chalu which also stars Yami Gautam and Shraddha Kapoor. In an interview with Republic TV, the actor shared his happiness and joy with the arrival of the new member in their family.
    Tiger's old putter inspires 8-under round at BMW Championship

    Tiger's old putter inspires 8-under round at BMW Championship

    Fowler and Spieth (-3) will spend the day with Woods in a tremendous trio that is set to tee off around 8 a.m. His only bogey came at the par-3 eighth, by far the most hard pin on the course.
  • Homeless veteran will get the $400,000 owed to him

    Homeless veteran will get the $400,000 owed to him

    Bobbitt is a key material witness to where the money went to because, as I have explained to the court, the money went to Mr. Some of the money that GoFundMe donors gave him ended up in the pockets of drug dealers, Bobbitt told the Inquirer .
    Ford Defended Kneeling NFL Players, Yet Trump Hasn’t Said a Word

    Ford Defended Kneeling NFL Players, Yet Trump Hasn’t Said a Word

    The ad features Kaepernick's face in a close up with a message about sacrifice. He adamantly disagrees with Nike's decision, as Breitbart reported.

    Spy chief says Britain, allies will counter active Russian threat

    Russian authorities ultimately discovered and arrested Skripal, who was then traded to the Americans in a high-profile spy swap. On Wednesday Russian officials dismissed May's comments apportioning blame for the Skripal attack to the military spy agency.
  • Two Injured, Three Killed in Cincinnati Bank Shooting

    Two Injured, Three Killed in Cincinnati Bank Shooting

    Jessica Hanson, a contractor with the bank's concierge company, works on one of the lower floors overlooking Fountain Square. Witnesses said they heard volleys of gunfire and one said that a woman was shot as she entered the bank building's lobby.
    Trump mispronounces 'anonymous' during New York Times spray

    Trump mispronounces 'anonymous' during New York Times spray

    In a Friday morning tweet , Trump is objecting to The Washington Post writer's narrative of Trump's turbulent 18 months in office. Gutfeld said. "Yep, just two silly variables - security and prosperity - which happen to be the best variables ever".

    Police union, black police group disagree on Nike ad featuring Colin Kaepernick

    Some fans responded to Kaepernick's sponsorship deal by cutting or burning gear with Nike's signature swoosh logo . But they were willing to watch and make a more informed position on Nike's message rather than the messenger.
  • Foles shows off catching skills, Eagles beat Falcons 18-12

    Foles shows off catching skills, Eagles beat Falcons 18-12

    Ajayi did a great job of fighting through tackles for extra yards, including breaking a tackle on the game-winning touchdown. Sullivan can thank Rasul Douglas for bailing him out with a crucial interception at the Eagles' 4 with 12:58 left to play.
    Sabotage blamed for International Space Station's leak

    Sabotage blamed for International Space Station's leak

    If the hole hadn't been spotted, astronauts would have run out of air in 18 days, according to the UK Telegraph . Astronauts used tape to seal the leak, AFP reported.
    British Airways hacked with 380,000 sets of payment details stolen

    British Airways hacked with 380,000 sets of payment details stolen

    The NCA is set up to tackle the most serious and organized crime posing the highest risk to public security in Britain. The company said the breach had been resolved and the website was now working normally.

Passengers Suffer Illness on Separate Flights to Philadelphia Passengers Suffer Illness on Separate Flights to Philadelphia Just after 12 noon ET on Wednesday, he said all of the passengers were off the plane and that 19 sick people had been evaluated. Emirates confirmed that three passengers and seven crew were transferred to hospital for "further medical care and evaluation".

Barack Obama encourages people to vote: "This is not Coachella" Barack Obama encourages people to vote: His post-presidency is the next chapter in the cause of his life - bringing people together to change the world for the better. Republican National Committee spokesman Michael Ahrens said in a statement that more Obama wouldn't help the Democrats.

Post Malone crashes his $323k worth rolls Royce Meyers from Beverly Hills Police Department, the Rolls Royce is owned by Post Malone but was being driven by his assistant. After the incident Post Malone tweeted: "god must hate me lol", in reference to his recent run of bad luck. "F*** you.

Uber App Can Now Detect Possible Crashes, Offer Help Uber App Can Now Detect Possible Crashes, Offer Help Uber will protect riders' information by concealing specific pickup and dropoff addresses in a driver's trip history, the company added.

As Mercedes introduces an electric SUV, Tesla's stock slumps As Mercedes introduces an electric SUV, Tesla's stock slumps German carmaker Mercedes-Benz has unveiled its first fully-electric auto , in a bid to take on U.S. rival Tesla . The decision to launch the EQC in Sweden promotes its all-wheel drive capability and all-weather performance.

Tesla stock falls as CEO appears to smoke marijuana on video Tesla stock falls as CEO appears to smoke marijuana on video Elon Musk has added another bit of freakish behaviour to the list by smoking a joint during a live interview. Marijuana consumption is legal in the state of California, where the podcast was hosted.

Goldman drops bitcoin trading plans for now Goldman drops bitcoin trading plans for now Goldman Sachs has taken some steps in cryptocurrencies, including recruiting Justin Schmidt from hedge fund Seven Eight Capital. The legacy financial institution is reportedly dropping all plans to open a trading desk for cryptocurrencies , however.

Brazilian Front-Runner Jair Bolsonaro Stabbed on Campaign Trail Brazilian Front-Runner Jair Bolsonaro Stabbed on Campaign Trail Officials and his son said the candidate was in stable condition, though the son also said Bolsonaro suffered severe blood loss. No one was hurt, and da Silva, who is in jail on a corruption conviction, was not in the vehicles that were hit.

The Razer Gaming Phone is getting a sequel The Razer Gaming Phone is getting a sequel Not just a phone, the company will focus on bringing more of its software offerings from PC to mobile. The presumption is that the tech will involve some sort of game streaming from a PC to a smartphone.

Key quotes from Woodward book, NYT op-ed assailing Trump The director of national intelligence, Dan Coats, released a statement denying that he or his top deputy wrote the piece. Commerce secretary Wilbur Ross said he "did not write and am thoroughly appalled by this op-ed".

Fate of Syria's Idlib in balance at Tehran summit Fate of Syria's Idlib in balance at Tehran summit It has also created zones of control in northern Syria and has several hundred troops deployed at 12 observation posts in Idlib. Iranian television reported that the three leaders would each have "bilateral meetings" on the sidelines of the main summit.

New iPhone XS prices revealed: here's what the 2018 iPhones will cost New iPhone XS prices revealed: here's what the 2018 iPhones will cost The iPhone XS and iPhone XS Max will be starting from Euro 909 (approx Rs 76,000) and Euro 1149 (approx Rs 96,000) respectively. According to a report by 9to5Mac, the Cupertino-based tech giant is planning to name the large screen iPhone as iPhone Xs Max .

The Omnivorous Sharks That Eat Grass The Omnivorous Sharks That Eat Grass The coastal bonnethead shark , a smaller relative of the hammerhead, is thought to be the first known omnivorous shark . According to a recent study, this shark enjoys a diet of bony fish, crabs, snails, and shrimp - but also seagrass .

Theranos Set to Dissolve As Company Defaults On Fortress Loan Theranos Set to Dissolve As Company Defaults On Fortress Loan A national partnership with Walgreens would eventually have resulted in Theranos Wellness Centers within miles of every American. According to the email , Theranos said it plans to spend the next few months repaying creditors with its remaining resources.

Emirates jet lands in NY with 10 ill passengers Emirates jet lands in NY  with 10 ill passengers Larry Coben, a passenger on the plane, posted pictures on Twitter of unaffected passengers being checked as they disembarked. By around noon ET, 432 passengers had been cleared and allowed to go to the customs area, according to Phillips.