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Tesla stock falls on executive departures, Musk smoking weed

posted onSeptember 7, 2018
by l33tdawg
Arstechnica
Credit: Arstechnica

Tesla's newly hired chief accounting officer abruptly resigned on Tuesday, the company has disclosed in a filing with the Securities and Exchange Commission. He had been on the job for less than a month.

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 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," Morton added. But this may be a situation where actions speak louder than words. Tesla's stock is down more than six percent to $262, the lowest level since April.

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