Tesla: shares fall after top executive resigns
(CercleFinance.com) - Tesla shares fell as much as 7 percent on Friday after the Californian electric carmaker said its chief accounting officer had resigned.
One hour into trading heure, Tesla shares were 6.6% lower at 261.5 dollars, with 10.9 million shares traded, making it one of the most actively traded stocks today in New York.
Tesla's chief accounting officer, Dave Morton, is leaving the company immediately, as "the level of public attention placed on the company, as well as the pace within the company, have exceeded (his) expectations," he said.
Dave Morton joined the company on 6 August.
This news adds to the company's a string of recent woes since it abandoned its plan to go private a few weeks ago.
The last hitch has been group boss - Elon Musk - was surprisingly found smoking marijuana in the "Joe Rogan Experience" podcast.
Yesterday, activist shareholder and short-seller Andrew Left, the executive editor of Citron Research, filed a lawsuit against Tesla, saying Elon Musk artificially manipulated the price of Tesla shares with objectively false tweets in order to "burn" the company's short-sellers.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
One hour into trading heure, Tesla shares were 6.6% lower at 261.5 dollars, with 10.9 million shares traded, making it one of the most actively traded stocks today in New York.
Tesla's chief accounting officer, Dave Morton, is leaving the company immediately, as "the level of public attention placed on the company, as well as the pace within the company, have exceeded (his) expectations," he said.
Dave Morton joined the company on 6 August.
This news adds to the company's a string of recent woes since it abandoned its plan to go private a few weeks ago.
The last hitch has been group boss - Elon Musk - was surprisingly found smoking marijuana in the "Joe Rogan Experience" podcast.
Yesterday, activist shareholder and short-seller Andrew Left, the executive editor of Citron Research, filed a lawsuit against Tesla, saying Elon Musk artificially manipulated the price of Tesla shares with objectively false tweets in order to "burn" the company's short-sellers.
Copyright (c) 2018 CercleFinance.com. All rights reserved.