Tesla stock is in a free fall Friday as chief executive Elon Musk's behavior and high-profile departures give investors reason to worry.
Stock and bond prices hit a record low Wednesday, reports Reuters, and continued to plunge after Musk appeared on comedian Joe Rogan's live podcast Thursday night to smoke a joint and discuss his brain.
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Tesla shares were down about 9 percent Friday morning, to $254.37. Stocks fell overall as wage growth stoked fears of further rate hikes, so Tesla isn't the only company experiencing a particularly tough day, but Musk's bizarre behavior in recent months reportedly has investors concerned about his leadership.
Tesla's stock has lost a quarter of its value in the last month alone, reports Reuters. Musk has been taking to Twitter to post about taking the company private and to criticize British cave divers — so either investors don't like his tweets, or they just really don't like weed. Read more at CNBC.
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