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Tesla stock nosedives as Chief Accounting Officer, Head of HR leave company on the same day

There seems to be no end in sight to the electric vehicle maker's woes.

  • Published: September 8, 2018 12:07 PM IST
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There seems to be no end in sight to Tesla, Inc.’s woes. As Chairman & CEO Elon Musk smoked a joint of Marijuana during a recent Joe Rogan podcast, two of the company’s senior executives have left on the same day.

According to a report by Bloomberg, Tesla’s Chief Accounting Officer Dave Morton gave a notice resigning from his position, less than a month after taking it up. It was further reported that Gabrielle Toledano, the company’s Head of Human Resources, who’s been on a leave of absence, told Bloomberg that she won’t be rejoining the Palo Alto-based manufacturer of electric vehicles and solar power panels.

In the aftermath of the two high-profile exits, Tesla, Inc.’s shares plunged nearly 6.3-percent to about $263.24, the lowest in the last five months.

According to Bloomberg report, Dave Morton (former CFO, Seagate) joined Tesla just a day after Elon Musk tweeted he was planning to take the company private.

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“Since I joined Tesla on August 6, the level of 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,” Morton was quoted by Bloomberg as saying in his filing.

Tesla recently launched a wireless charging pad for smartphones. The Qi-certified charger has the ‘same design language’ that’s used in Tesla’s other products, the company said. Priced at $65 (about Rs 4,000), Tesla’s wireless charging pad is available in two colors – black  and white.

  • Published Date: September 8, 2018 12:07 PM IST