Concerns Mount As Elon Musk's Illegal Drug Use Sparks Alarm At Tesla And SpaceX: WSJ
Portfolio Pulse from Bibhu Pattnaik
Concerns about Elon Musk's drug use have been raised by former Tesla director Linda Johnson Rice and other executives. Rice, who did not seek reelection to Tesla's board, informally suggested an investigation into Musk's behavior, which reportedly includes the use of substances like ketamine, LSD, cocaine, and ecstasy. The Wall Street Journal report also revisits the impact of Musk's 2018 tweet about taking Tesla private, which led to an SEC investigation and fines. Musk's attorney, Alex Spiro, claims Musk is regularly drug tested at SpaceX and has never failed a test.
January 07, 2024 | 7:08 pm
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Former Tesla director Linda Johnson Rice expressed concerns about Elon Musk's drug use, which could raise questions about corporate governance and potentially impact investor confidence.
The news about concerns over Elon Musk's drug use, raised by a former director, could negatively impact investor sentiment towards Tesla, as it raises questions about the CEO's behavior and its potential impact on the company's leadership and decision-making. This could lead to short-term volatility in Tesla's stock price. However, the statement from Musk's attorney about regular and passed drug tests at SpaceX may mitigate some concerns.
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RELEVANCE 80