Tesla is having a tough time hanging onto a chief accounting officer, you guys.
Dave Morton joined the company in early August after a stint as CFO of Seagate Technology. The day after Morton joined Tesla, CEO Elon Musk tweeted that he was thinking about taking the company private and buying out investors at $420 a share, which definitely wasn’t a reference to weed because Elon Musk is a grown-ass man and not a greasy-haired burner at the skate park, right?
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
He claims he based the number on math, not stoner lore. “It seemed like better karma at $420 than at $419,” he said in an interview with the New York Times following the controversial tweet. “But I was not on weed, to be clear. Weed is not helpful for productivity. There’s a reason for the word ‘stoned.’ You just sit there like a stone on weed.”
A little more than a week after the tweet, the SEC issued a subpoena into this whole privatization thing.
Just to keep things interesting, Musk appeared on Joe Rogan’s podcast last night and got blazed on a big fat blunt.
Surely, none of this has anything to do with the chief accounting officer noping on outta there after barely a month of service.
“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,” Morton said in a Tesla SEC filing, which indicated he resigned on Sept. 4. “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.”
Man, talent shortages are real y’all.
Well, the company is a cash furnace potentially headed toward bankruptcy in the next 12-24 months, the funding was definitely NOT secured, and less than a month in you’re staring down a SEC investigation and probably additional lawsuits related to securities fraud. I’d have peaced out too. Cant blame the guy for having some common sense!
There’s nothing wrong with smoking a doobie. As long as he had some purp in that blunt and not some Reggie
Elon’s gone to Crazy Town to hang with Britney Spears and Lindsey Lohan.
Comments are closed.