Elon Musk is multi-tasking person he is owner of Tesla he smoke and drink during Podcast. Isn’t he self-aware?
Elon musk smoke marijuana and drink whisky during a podcast chat, isn’t it effect on tesla shares? Even shares of other millionaire company like SpaceX and The Boring Co.
Bio of Elon Musk:
Elon Reeve Musk June 28, 1971 (age 47) Pretoria, Transvaal, South Africa
Bel Air, Los Angeles, California, United States
- South Africa (1971–present)
- Canada (1989–present)
- United States (2002–present)
- Queen’s University
- University of Pennsylvania
Entrepreneur, engineer, and investor
US$ 20.2 billion (August 2018)
- CEO, Lead Designer of SpaceX
- CEO of Tesla, Inc.
- CEO of Neuralink
- Founder of The Boring Company
- Justine Musk
(m. 2000; div. 2008)
- Talulah Riley
(m. 2010; div. 2012)(m. 2013; div. 2016)
6 (1 deceased)
- Errol Musk (father)
- Maye Musk (mother)
- Kimbal Musk (brother)
- Tosca Musk (sister)
- Lyndon Rive (cousin)
Fellow of the Royal Society
Jerome Guillen, who’s been with Tesla for the better part of eight years, is now the electric-car maker’s president of auto operations, Musk said in a blog late Friday afternoon. The position appears to be a newly created one for Guillen, who’s been vice president of trucks and programs, working on the forthcoming Tesla Semi.
“Jerome will oversee all automotive operations and program management, as well as coordinate our extensive automotive supply chain,” Musk said. He’ll report to Musk, who said Guillen “played a critical role in ramping Model 3 production, leading what almost all thought was impossible: creation of an entire high-volume General Assembly line for Model 3 in a matter of weeks.”
It’s not a moment too soon to have a steady hand managing the expansion of Model 3 sedan production, which may be smoothing out after a year of fits and starts.
Critically, the promotion comes after several weeks that, by many measures, have been among the worst in Tesla history in terms of shaking investor confidence, particularly in Musk as a CEO.
The period included his disastrous tweets about taking the company private despite indications the funding to do so wasn’t nearly as solid as he claimed. That’s resulted in multiple shareholder lawsuits claiming the tweets were intended to manipulate the stock price and a Securities and Exchange Commission inquiry. Musk also repeatedly accused a British man who aided the rescue of a stranded Thai soccer team of being a pedophile, and who appears to be readying a libel suit against him.
So after unburdening himself to The New York Times in interviews that raised questions about the negative effects of his work holism and chronic sleep deficiency, agreeing to chat with comedian Joe Rogan for a couple of hours on his popular podcast didn’t soothe the nerves of jittery shareholders.
Tesla shares fell 6.3% on Friday to $263.24, the stock’s lowest close in five months. In the course of one month, the shares have plunged by $116.33 or 44% from a peak of $379.57 after Musk’s privatization tweets.
Rogan gave Musk an opportunity to defer his offer of a cigar-like blunt, a blend of marijuana and tobacco, asking, “you probably can’t because of stockholders, right?” Instead, Musk noted that marijuana is legal in California and proceeded to smoke it.
“It is getting harder and harder to support Tesla as a company because of those actions, because Elon is Tesla,” Gene Munster, a Tesla investor and managing partner at Loup Ventures, said in an interview with TD Ameritrade. “While that may be legal in the state of California, it is in the eyes of investors an unspoken rule that as a public CEO that kind of behaviour is not accepted.”
Not long after, Tesla posted an SEC filing on the departure of Chief Accounting Officer Dave Morton, who’d only been with it a month. In explaining his sudden decision, 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. As a result, this caused me to reconsider my future.”
Additionally, Gaby Toledano, who’d been Tesla’s head of human resources, also left the company and is being replaced by Kevin Kassekert, vice president of infrastructure development, Musk said.
Seeking to bolster the spirits of Tesla employees who are probably feeling a bit bewildered after some rocky weeks, Musk reminded them, “we are about to have the most amazing quarter in our history, building and delivering more than twice as many cars as we did last quarter.”
Consistent with his style, Musk’s memo was loaded with promises of great things to come: “…Model Y, the Tesla (pickup) Truck, the Semi and the new Roadster. Then there is the Solar Roof, which is spooling up in production, and continued advancements in Powerwall and Powerpack. And that’s just what people know about ….”
His relentless cheerleading pleases his large and loyal fan base, but it doesn’t address Tesla’s insatiable need for capital, ability to raise funds to cover debt expenses and growing concerns over his fitness to be CEO.
Model 3 electric sedan output has picked up after a volatile rollout that included erecting a tent-like assembly line at Tesla’s Fremont, California, plant to help meet the 5,000-unit per week target Musk had promised for more than year. But though it’s touted as Tesla’s first widely affordable car, nominally starting at $35,000, Model 3 also continues to sell for about $50,000 or more, out of reach to mass-market customers.
Promoting Guillen, a veteran car and truck engineer, to smooth out Tesla’s auto operations may be the most positive move Musk could make right now. But the memo also shows that he’s tone-deaf.
“For a while, there will be a lot of fuss and noise in the media. Just ignore them. Results are what matter and we are creating the most mind-blowing growth in the history of the automotive industry.”