Why is Tesla CEO Elon Musk smoking marijuana in public and sipping whiskey while taping a podcast? Sure, it's legal in California. But it's not a good look. And it makes Azealia Banks' claims look credible that Musk was tweeting the "taking Tesla private at $420. Funding secured" stuff while high on LSD.
Is this who you want running a multibillion-dollar company you're invested in?
A lot of people are now saying no. And so the stock price is down to near $260 a share today.
What's more, this morning, Tesla revealed that its chief accounting officer Dave Morton, had already resigned on Tuesday, citing "the level of public attention placed on the company". He had been at the company for only one month. That sounds fishy to me. Is that the only reason he left?
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.