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Tesla shares sink after key executives exit

September 7, 2018 6:03 pm

Tesla shares have fallen sharply after two senior executives abruptly left the electric car firm headed by Elon Musk.

The chief accounting officer has left less than a month after joining, while its HR officer is also reported to have resigned a year after joining.

The resignations came just hours after the firm’s controversial chief executive Mr Musk smoked marijuana live on the web during a podcast with comedian Joe Rogan.

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Shares fell over 10% in early US trade.

Accounting officer Dave Morton’s resignation was announced in an official filing with US regulator the Securities and Exchange Commission.

Meanwhile, its chief people officer Gaby Toledano had decided not to return to the firm after a period of absence, according to newswire Bloomberg.

Mr Morton, who joined Tesla on 6 August, resigned on 4 September.

He said his decision to quit was due to the higher-than-expected “level of public attention placed on the company, as well as the pace within the company.”

“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,” he added.

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