Here Is The FULL Interview:
Tesla Stocks Falls 10% (24h)
Tesla was trading around $281.06 early evening (5:55 pm (UTC NASDAQ), September 6, 2018) before it then plunged to $252.88 (-10.02%+) around 1:35pm September 7th (UTC NASDAQ). This all comes after a very open interview where Elon Musk was enjoying a chat with Joe Rogan while smoking marijuana (which is illegal federally here in the United States, and it could be seen as a public display of Civil Disobedience.) Stockholders were in shock of this public display, while others had no problem with the interview. The interview itself was very entertaining and it shows that Elon Musk is focused, but some investors may not want to deal with the political scuff that Elon Musk has now become the center of. Elon Musk reportedly owns 33.7 million stocks in Tesla through some funds and direct ownership.
Tesla has been investing heavily in its manufacturing sector by attempting to grow as quickly as possible to meet demands for the new Model 3, which it seems many are equating this vehicle to the classic Model T. Model 3, an electric vehicle for the "average man"? Price has been an important issue for many potential buyers, and although sales have dramatically increased for Electric Vehicles, some middle class citizens just aren't ready to fall into debt since after the financial crash of 2008, but that may soon change given Q3 data soon to be released!
Opinion from author:
Elon Musk has every right to smoke marijuana regardless of what the law states. It's important that civil disobedience stays alive in America, especially given that the United State's drug war is a TOTAL failure. Some may believe its unorthodox for a CEO to act in such a manner, but let's not take the humanity away from these individuals. If shareholders believe Elon Musk is acting risky, or is behaving in a manner that isn't good for the corporation, then they are right to leave if they feel so. I wish Tesla Motors the best! Goodluck, Elon.
Author: Luis Rosales
Updated: September 8, 2018 @ 1631 EST
Tesla CAO Resigns
Some higher ranking employees have been leaving Tesla, and many investors are wondering if Elon Musk's leadership is sustainable for the company. For reference, Tesla's Debt is roughly $10.7 Billion USD (Ƀ1,733,956 BTC), and Tesla motors had suffered a loss of around $710 million (Ƀ115,078 BTC, Q2 2018), respectively from a revenue of $3.41 Billion USD (Ƀ551,029 BTC). Elon Musk is quite hopeful with his belief that profits are soon to come, but certain executives like ex Chief Accounting Officer David Morton, said "Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations... This caused me to reconsider my future. 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." David Morton left with just a month of service with Tesla Motors.Tesla has been investing heavily in its manufacturing sector by attempting to grow as quickly as possible to meet demands for the new Model 3, which it seems many are equating this vehicle to the classic Model T. Model 3, an electric vehicle for the "average man"? Price has been an important issue for many potential buyers, and although sales have dramatically increased for Electric Vehicles, some middle class citizens just aren't ready to fall into debt since after the financial crash of 2008, but that may soon change given Q3 data soon to be released!
Opinion from author:
Elon Musk has every right to smoke marijuana regardless of what the law states. It's important that civil disobedience stays alive in America, especially given that the United State's drug war is a TOTAL failure. Some may believe its unorthodox for a CEO to act in such a manner, but let's not take the humanity away from these individuals. If shareholders believe Elon Musk is acting risky, or is behaving in a manner that isn't good for the corporation, then they are right to leave if they feel so. I wish Tesla Motors the best! Goodluck, Elon.
Author: Luis Rosales
Updated: September 8, 2018 @ 1631 EST
