Shares of Tesla plunged as much as 9 percent Friday after news of a pair of C-suite executive resignations and a bizarre video showing CEO Elon Musk smoking pot on a podcast, capping a tumultuous month since Musk launched the company into controversy with a take-private tweet.
The stock opened Friday's session at $260.10 before paring losses slightly. Shares were roughly 7 percent down after the first hour of trading, closing down 6 percent. It extends a painful week for the automaker. As of Friday's close, the stock lost more than 11 percent on the week.
Late Thursday, Musk smoked marijuana and sipped whiskey during an appearance on Joe Rogan's podcast — fueling concerns about his recreational drug use.