If Tesla goes up in smoke, it won’t be because Elon Musk hit a blunt

Last night, Elon Musk puffed on a blunt with Joe Rogan, and this morning, Tesla’s share price is cratering. The footage has already spurred a dozen memes, and Musk’s notoriously loyal fans are already rushing to his defense. This time, they have a point. Marijuana’s legal in California, after all, and it’s not as if a few hours on a podcast are the most reckless thing a tech CEO did this week. (If you check the tape, it’s not even clear he inhaled.) But what’s really spooking investors is a much more serious problem that’s been lurking in the background at Tesla for years.

This morning, news broke of two mid-level executives departing Tesla: chief accounting officer Dave Morton and head of HR Gabrielle Toledano. Today was also the last…

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