Elon Musk smokes weed, sips whiskey on Joe Rogan’s podcast

Elon Musk seen smoking weed, drinking whiskey on podcast
1 Hour Ago | 08:17

Billionaire Elon Musk took viewers by surprise late Thursday when he briefly smoked marijuana and drank whiskey during a live interview.

The Tesla chief executive was speaking with comedian Joe Rogan, an advocate of legalizing weed, on his live internet show when he was handed the joint. A spokesperson for Tesla was not immediately available for comment when contacted by CNBC.

“Is that a joint? Or is it a cigar?” Musk asked Rogan before being told it was a cigarette containing marijuana, which is legal in California, and tobacco.

Asked whether he had tried it before, the entrepreneur said: “Yeah, I think I tried one once.”

“You probably can't because of stockholders,” Rogan said, to which Musk retorted: “I mean it's legal, right?”

The two had been engaged in a lengthy discussion on a number of issues including humanity, artificial intelligence, Tesla and China.

Elsewhere in the podcast, which ran for roughly 2 hours and 30 minutes, Musk is handed a Samurai sword by Rogan, which he observes with keen interest.

Musk also brought into the studio one of his tunneling firm's flamethrowers — which sold out mere days after they went on sale at the start of the year. He is seen wielding it in an Instagram post by Rogan.

Rogan's podcast “The Joe Rogan Experience” is one of the most popular in the U.S. Within five hours, his interview live stream with Musk on YouTube had attracted almost 450,000 viewers, and 3.2 million people are subscribed to his YouTube channel.

Musk's Twitter wars

Musk addressed his tweeting habits on the podcast, debating with Rogan whether his direct engagement and battles with people on the platform was a “good idea.”

“I think it's on balance more good than bad but there's definitely some bad so hopefully the good outweighs the bad,” he said.

Speaking about how he deals with negative comments directed at him on the social network, the businessman said he mostly ignores them.

He said: “The vast number of negative comments, the vast majority of them I just ignore them. Every now and again I get drawn in, it's not good. I make some mistakes.”

Musk, who founded X.com, a precursor to PayPal, recently got into hot water when he accused a British man involved in the mission to rescue a Thai boys' soccer team trapped in a cave of being a pedophile.

The executive called Vernon Unsworth a “pedo guy” on Twitter after the cave diver called his idea to save the trapped boys with a miniature submarine a “PR stunt.” Musk subsequently apologized, but has sunk further into the controversy, having made two more attacks on the cave explorer.

He most recently called Unsworth a “child rapist.” The Briton is preparing a civil complaint for libel against Musk, his attorney said.

Tesla shares fall

The news may be of interest to shareholders, who recently took the company's stock price through a roller-coaster ride in August after Musk said he wanted to take Tesla private — only to then row back on that position.

Musk insisted he was not on weed at the time during an extensive interview with The New York Times. The executive shocked investors when he said he was considering taking the firm off the stock market at $420-a-share — 420 being a popular code term for cannabis.

“It seemed like better karma at $420 than at $419,” he told the Times. “But I was not on weed, to be clear. Weed is not helpful for productivity. There's a reason for the word 'stoned.' You just sit there like a stone on weed.”

Traders are concerned the company may still need a capital injection to help with its cash burn problems.

Tesla shares were down 1.2 percent Friday in premarket trade.

Tesla CTO JB Straubel has a stealthy recycling start-up and it’s expanding into Nevada

Getty Images
JB Straubel, Tesla Motors chief technical officer.

Elon Musk isn't the only Tesla executive with a start-up on the side.

Tesla CTO Jeffrey B. Straubel, known as JB, recently registered Redwood Materials — his stealthy recycling venture — to do business in the state of Nevada, CNBC has learned from a filing.

Redwood Materials' chief financial officer, Andrew Stevenson, also posted a job opening for a mechanical engineer to work at the recycling venture in Northern Nevada a week ago on LinkedIn. Stevenson worked at Tesla for about 3 years until June, in a special projects office of the CTO.

At Tesla, Straubel spends most of his time at the Gigafactory 1 in Sparks, Nevada, which churns out batteries for electric vehicles and solar energy systems. He has overseen battery tech, but also power electronics, motors, software, firmware and controls, among other responsibilities at Tesla.

Redwood Materials was established in Redwood City, California, in 2017, near Tesla's headquarters in Palo Alto.

It's not clear how Redwood Materials may be working with Tesla, if it is at all. But Tesla seems to need a little help with its waste management in general.

Tesla's Gigafactory and its main auto plant in Fremont, California, typically generate large amounts of scrap, cardboard and waste from construction, according to multiple former employees. In late June, a fire broke out at Tesla's Fremont factory, where cardboard was being prepared to go off to a recycling center.

At an annual shareholder's meeting for Tesla in June, Straubel answered a question from a Twitter user about the company's approach to battery waste. He said:

Tesla will absolutely recycle, and we do recycle, all of our spent cells, modules and battery packs. So the discussion about is this waste ending up in landfills is not correct. We would not do that, these are valuable materials. In addition, it's just the right thing to do.
We have current partner companies– on every major continent where we have cars operating– that we work with to do this today. And in addition, we're developing internally more processes, and we're doing R&D on how we can improve this recycling process to get more of the active materials back. Ultimately what we want is a closed loop, right, at the Gigafactories that reuses the same, recycled materials.

Straubel has also repeatedly spoken about recycling minerals, which are used in electric vehicle batteries and motors, and can be both costly and subject to shifting tariffs.

CNBC reached out to Redwood Materials and Tesla, but neither immediately responded to requests for further information.

Tesla CTO: Not just a 'feel good sustainability project,' this means saving money
7:52 PM ET Wed, 8 March 2017 | 06:02

Tesla modifies product policy to accommodate “good-faith” security research

Electric car maker Tesla Motors has modified its product security guidelines this week to accommodate the work of security researchers. Tesla says it will allow security researchers to register themselves with the company as a “good-faith security researcher” and their Tesla cars as “research-registered vehicles.” The company says it will provide assistance, over-the-air updates, and… Continue reading Tesla modifies product policy to accommodate “good-faith” security research

Tesla will meet its Model 3 goal so buy the stock, Oppenheimer says

Stephen Lam | Reuters
A parking lot of predominantly new Tesla Model 3 electric vehicles is seen in Richmond, California, U.S. June 22, 2018.

Oppenheimer believes Telsa will meet its third-quarter targets for Model 3 production and profitability.

The firm reiterated its outperform rating for the electric car maker's shares, citing strong third-party August sales estimates.

Tesla shares rose 1.3 percent Thursday after CEO Elon Musk tweeted that the company was “1st, 2nd & 3rd in August sales,” pointing to a report by InsideEVs.

“While Inside EVs' estimates are just that, estimates, we believe the service has been effective in identifying directional and order of magnitude trends on monthly shipments for Model 3 in lieu of verified data from the company,” analyst Colin Rusch said in a note to clients Thursday. “We believe TSLA is tracking toward achieving its 3Q:18 guidance.”

Rusch reiterated his 12-18 month $385 price target for Tesla shares, representing 37 percent upside to Wednesday's close.

Previously, Tesla gave production guidance for the third quarter of 50,000 to 55,000 Model 3 cars and a gross margin of “roughly” 15 percent for the vehicle.

The analyst noted that InsideEVs estimate for second-quarter Model 3 deliveries was 18 percent below the actual number the company reported. He said if Tesla consistently produces 4,300 Model 3 cars per week, it can reach the high end of its guidance for the third quarter.

“We believe TSLA has the potential to be a transformational technology company and deliver outsized returns,” he said.

Tesla did not immediately respond to a request for comment.

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