Tesla CEO Elon Musk smokes pot at live podcast… stocks crash by 10%

San Francisco: Creating a storm by smoking marijuana during a live podcast that led to Tesla stocks crashing 10 per cent to hit the lowest level since 2016, Chairman and CEO Elon Musk on Saturday announced a major shake-up in the top echelons of the electric car-making company. Tesla's shares tanked after its two top executives — including Chief Accounting Officer Dave Morton — announced they would quit after Musk was filmed smoking marijuana during a podcast hosted by comedian Joe Rogan.

In a new blog post, Musk announced a number of top management changes after discussing with the Tesla board of directors and executive staff. "Jerome Guillen has been promoted to President, Automotive, reporting directly to me. In his new role, Jerome will oversee all automotive operations and programme management, as well as coordinate our extensive automotive supply chain," said Musk.

"As many of you know, Tesla's Chief People Officer Gaby Toledano has been on leave for a few months to spend more time with her family and has decided to continue doing so for personal reasons," Musk added.

"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. 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," Musk wrote.