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Tesla Tumbles After Chief Accounting Officer Quits After Just One Month

Update: it’s just getting ugly in Freemont.

  • TESLA’S CHIEF PEOPLE OFFICER GABY TOLEDANO TO LEAVE CO – CNBC, CITING REPORT

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Easy come, easy go.

Just hours after Elon Musk appeared on a comedy podcast, where he smoked pot, demonstrated his flamethrower and mused philosophically, Tesla’s chief accounting officer unexpectedly gave notice he’s resigning just one month into the job, citing the level of scrutiny on the electric-car maker.

“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,” Dave Morton, former CFO for hard-drive maker Seagate Technology said in a Tesla regulatory filing.

“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.”

Tesla shares plunged as much as 5.7 percent to $265 before the start of regular trading, and is now just shy of the 2018 lows of $252 hit in early April.

Maybe doing midnight joints on live TV was not such a good idea.

Source: zerohedge.com

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