Elon Musk's Reported Drug Use Rattles Tesla Board

Chris Teague
by Chris Teague

Marijuana is legal in several states, and you can even order ketamine from a Facebook ad. What you do behind closed doors is, in most cases, your business, but what about if you’re the CEO of several companies with combined values in the hundreds of billions of dollars? That’s a question Tesla’s board members are facing, as CEO Elon Musk’s alleged drug use has been plastered across the internet and news stations everywhere.


Musk’s recreational drug use is said to include long-term use of ketamine, according to reporting from The Wall Street Journal. It also claimed that he took cocaine, ecstasy, LSD, and psychedelic mushrooms at private parties, where it’s reported that some attendees signed non-disclosure agreements. Of course, Musk wasn’t all that shy about drug use a few years back as he hit a blunt on camera during an episode of Joe Rogan’s podcast.


Legally, drug use could cause problems for Musk and his companies, as the government isn’t too keen on contracting with a company led by someone perceived to be irresponsible. Where you fall on the issue from an ethics standpoint depends mainly on how you feel about drug use in general. Personally, I couldn’t care less about what people do with their time.


Having said that, the bottom line question here is whether or not any of this nonsense affects his ability to run the handful of companies he’s responsible for. Even if it did not impact Musk’s ability to perform as a leader, negative public perception and potential business repercussions could be significant. No matter what Tesla’s board says about drug use, their focus is on profits and growth, and the moment Musk’s run down the K-hole jeopardizes that, he becomes a big problem.


[Image: YouTube]


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Chris Teague
Chris Teague

Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.

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  • Crown Crown on Jan 09, 2024

    Well, you can abuse them just as much as anything else. Probably not as fun as shots or doobs.

  • Mgh57 Mgh57 on Jan 11, 2024

    He is a complete jackweed. I don't care about his drug use but he treats women in his life horribly and he allows far right wing nut jobs on X. I'll never use anything he produces.

  • Tassos Under incompetent, affirmative action hire Mary Barra, GM has been shooting itself in the foot on a daily basis.Whether the Malibu cancellation has been one of these shootings is NOT obvious at all.GM should be run as a PROFITABLE BUSINESS and NOT as an outfit that satisfies everybody and his mother in law's pet preferences.IF the Malibu was UNPROFITABLE, it SHOULD be canceled.More generally, if its SEGMENT is Unprofitable, and HALF the makers cancel their midsize sedans, not only will it lead to the SURVIVAL OF THE FITTEST ones, but the survivors will obviously be more profitable if the LOSERS were kept being produced and the SMALL PIE of midsize sedans would yield slim pickings for every participant.SO NO, I APPROVE of the demise of the unprofitable Malibu, and hope Nissan does the same to the Altima, Hyundai with the SOnata, Mazda with the Mazda 6, and as many others as it takes to make the REMAINING players, like the Excellent, sporty Accord and the Bulletproof Reliable, cheap to maintain CAMRY, more profitable and affordable.
  • GregLocock Car companies can only really sell cars that people who are new car buyers will pay a profitable price for. As it turns out fewer and fewer new car buyers want sedans. Large sedans can be nice to drive, certainly, but the number of new car buyers (the only ones that matter in this discussion) are prepared to sacrifice steering and handling for more obvious things like passenger and cargo space, or even some attempt at off roading. We know US new car buyers don't really care about handling because they fell for FWD in large cars.
  • Slavuta Why is everybody sweating? Like sedans? - go buy one. Better - 2. Let CRV/RAV rust on the dealer lot. I have 3 sedans on the driveway. My neighbor - 2. Neighbors on each of our other side - 8 SUVs.
  • Theflyersfan With sedans, especially, I wonder how many of those sales are to rental fleets. With the exception of the Civic and Accord, there are still rows of sedans mixed in with the RAV4s at every airport rental lot. I doubt the breakdown in sales is publicly published, so who knows... GM isn't out of the sedan business - Cadillac exists and I can't believe I'm typing this but they are actually decent - and I think they are making a huge mistake, especially if there's an extended oil price hike (cough...Iran...cough) and people want smaller and hybrids. But if one is only tied to the quarterly shareholder reports and not trends and the big picture, bad decisions like this get made.
  • Wjtinfwb Not proud of what Stellantis is rolling out?
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