Tesla shares reel as executives quit and CEO smokes pot on webcast
Reuters) – Tesla Inc Chief Executive Elon Musk was filmed smoking marijuana and wielding a sword on a webcast, just hours before the automaker said its recently-appointed accounting chief would leave, the latest in a string of unusual behaviour and executive departures that have stunned investors. Shares of the electric carmaker tumbled more than 6 percent on Friday to $263.24, with investors on edge after a tumultuous August during which Musk proposed and then abruptly pulled the plug on a go-private deal. Chief Accounting Officer Dave Morton resigned after just one month in the job because of discomfort with the attention on the company and pace of work during that time, Tesla said in a filing on Friday. Later on Friday, Tesla named a new president of automotive operations, promoting eight-year Tesla employee and former Daimler truck exec Jerome Guillen into the role overseeing all automotive operations and reporting to Musk.That move, described in a company blog with several other promotions as a result of board and management discussions, gives Musk a seasoned auto industry veteran to lean on at a time when some investors have called for a new chief operating officer. Shares barely moved after hours, when the promotions were announced.
Morton and Toledano, whose departures come shortly after the U.S. Securities and Exchange Commission opened an inquiry into Musk’s aborted privatisation plan, join dozens of senior executives who have left Tesla. Late on Thursday, Musk was filmed drinking whiskey, briefly smoking marijuana and wielding a Samurai sword during a 2-1/2-hour live Web show with comedian Joe Rogan that swiftly spread across social media. Analysts on Friday reiterated their call for Tesla to bring in another senior leader. SOBERING EFFECT ON INVESTORS.Tesla’s $1.8 billion junk bond maturing in August 2025 plunged as much as 4 cents on the dollar to below 82 cents, a record low, in Friday trading, pushing the yield above 8.8 percent.
Coupled with an upfront cost of 21 percent of insured value, it now costs an investor around $280,000 to insure $1 million of Tesla debt for a year. With Tesla’s stock falling to its lowest level since April, short sellers added 810,000 shares to their positions, bringing the total as of Thursday to about 32.6 million shares, according to S3 Partners, a financial technology and analytics firm. Tesla has told investors it expects to turn a profit in the second half of this year, a forecast the company’s head of investor relations, Martin Viecha, reiterated at a conference earlier this week sponsored by RBC Capital Markets, RBC analyst Joseph Spak wrote in a note on Thursday.
7 Comedians Who Enjoy Marijuana
Although weed can definitely highlight what’s weird about your surrounding or amplify already-comedic situations, it can’t instill a fully-developed sense of humor. Doug Benson’s comedy career revolves almost entirely around his love of cannabis. Benson created the 2008 documentary Super High Me, a druggy take on Morgan Spurlock’s McDonald’s exposé Super Size Me, in which Benson smokes weed in huge quantities every day for a month. Like a trippy version of Mike Nichols and Elaine May, collaborators Kate Berlant and John Early showcase a weird brand of character-based comedy in seemingly improvised skits like Family Dinner and Reunion. Berlant and Early’s deadpan comedy is deeply rooted in the same pseudo-intellectual and fame-obsessed millennial culture that it satirizes, making for an especially meta comedy experience.
Each of the two wrote and starred in full episodes of the 2016 Netflix original comedy The Characters – Early’s episode totally nails some cringe-worthy identities like a self-absorbed yuppie party host and a sassy but depressed Christian comedienne. Dave Chappelle staked a claim to stoner fandom early on in his career, having written, produced, and starred in the 1998 cannabis classic Half Baked. Chappelle briefly bowed out of the spotlight after Chappelle’s Show was canceled in 2006 and now lives a low-key life with his family in suburban Ohio. A recent GQ interview with Chappelle yields some other great nuggets: he may have bought weed from Idris Elba back in the day, and once requested permission to smoke weed onstage from crack-smoking Toronto mayor Rob Ford. Jason Segel doesn’t just play a cannabis enthusiast on TV.
He’s well known for his love of weed, and has made a name for himself as a leading man in comedies like Forgetting Sarah Marshall and Jeff, Who Lives At Home, blending bumbling antics with undeniable sincerity. George Carlin is one of the first and arguably best full-fledged observational comedians. Carlin’s countercultural humor was at least partially fueled by cannabis: in a retrospective interview with Jon Stewart, he claimed to.
Rick and Morty’s Cannabis Subculture Warps Into Los Angeles
Trip out and chill in the Meatwad 4D Dome, or dive into a virtual-reality experience inspired by Dream Corp LLC, the Adult Swim show set in a sketchy dream-therapy facility. At 9 p.m. on Sunday, October 7th, Rick and Morty get a live showcase as composer Ryan Elder leads a 37-piece orchestra through musical highlights from the show in a Musical Ricksperience. As we prepare to run around at the Adult Swim Festival, we asked ourselves: why is there such a solid Rick and Morty. Just as cannabis helps connect us to the present moment, and enjoy things as they unfold, Rick and Morty deems friends, family, and doing what we love much more important than unanswerable questions about why we’re here in the first place.
Take the McDonald’s Szechuan sauce debacle, for instance. Twitter had a meltdown, and everyone had a good time making fun of Rick and Morty. Fan art is one of the most wonderful interpretative things in the world, and the weed-loving creatives who watch Rick and Morty have left no artistic pickle unjarred. To the fan art pot-culture pantheon with his collection of joints in the shape of Rick, Morty, and iconic characters Mr. Meeseeks and Mr.
Poopybutthole. To pairing a different strain of cannabis with each episode of the show. If you think your love of a TV show makes you better or smarter than other people, you should smoke a joint, and think about how you’re missing the point. Tickets to the Adult Swim Festival Oct. 5-7 are available here. The festival does not permit medical or recreational cannabis onsite.