Tesla shares dropped six per cent and the company's chief accounting officer departed after Tesla CEO Elon Musk smoked weed on Joe Rogan's podcast.
- AP (Image)
- Under the terms of a settlement with the U.S. Securities and Exchange Commission, Elon Musk and Tesla, Inc. agree to pay $20 million each to financial regulators, and Musk is expected to resign as chairman, but will remain as chief executive.
- Two weeks after Elon Musk expressed his intentions of making Tesla, Inc. private, he and the company's board announce that the company will remain publicly listed.
- South Australia finalizes a deal with Tesla, spearheaded by tweets originating from CEO of Tesla Elon Musk, to install a battery system in the state. Tesla said in a statement that upon completion by December 2017, the system would be the largest lithium-ion battery storage project in the world, overtaking an 80 megawatt-hour power station at Mira Loma in California also built using Tesla batteries.
- The US National Transportation Safety Board reveals the lithium ion battery on a Tesla Model S involved in a double-fatality crash in Florida reignited twice after initially being extinguished by firefighters. It also reveals the vehicle was traveling at 116mph when the accident occurred; Tesla has introduced speed limiters on their cars as a result.
- Tesla announces that it intends to cut 3000 jobs in an attempt to improve profitability. Many of those workers will be offered alternative jobs under the same employer.