Elon Musk making hasty promotions to rebuild Tesla as top execs leave

Musk's Boring Company which he describes as a

Morton, who joined the firm four weeks ago, said he was leaving because "the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations".

Morton left Seagate Technology(STX) - where, according to company filings, he made some $5 million in 2017 salary and other compensation - to join Tesla.

The appearance was the latest unorthodox move by Musk, who has often surprised investors with brash and unpredictable behavior as Tesla has sought to live up to lofty manufacturing targets for its Model 3 electric vehicle.

Tesla CEO Elon Musk appeared to smoke marijuana briefly on camera during a podcast appearance, fueling critics who say that his behavior is becoming increasingly concerning and erratic.

ALSO READ: Tesla rocked by executive departures, Musk web show; shares down 9%. Shortly after, HR head Gabrielle Toledano, who'd taken a leave of absence last month, also said she wouldn't return.

A request Friday for an interview with Musk for this article, through Tesla's media affairs office, had not received a reply.

After taking a puff from a blunt, which Rogan claimed was a blend of tobacco and marijuana and legal in California, Musk said "I'm not a regular smoker of weed".

In a recent New York Timers interview, Musk did admit to using the prescription drug Ambien to help him sleep.

That may have provided some relief to those betting on the company's decline ー on Thursday, it was reported that prolific short seller Andrew Left of Citron Research was filing suit against Tesla and Musk for the now-infamous "funding secured" tweet in early August.

That said, Musk did reveal that his company Neuralink, which now explores how machines can connect humans and computers through electrodes, has "something interesting" to announce in a few months.

"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. That saga ended with a Friday night announcement in late August, in which Musk said Tesla would remain a publicly traded company.

"We think this is further evidence that the time is now for management and the board to address these issues".

The latest drop in Tesla's stock has caused Consumer Edge analyst James Albertine to call for the company to appoint another senior leader to support Elon Musk.

Tesla shares are having their worst day of trading in over two years amid new alarming antics from CEO Elon Musk and executive departures. The report, which was published by electric car-themed news site InsideEVs, estimated that the Tesla Model 3, Model S, and Model X, were the Top 3 electric cars in the USA in August.

As of writing, Tesla stock is down 6.64% at $263.13 per share.

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